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Bullboard - Stock Discussion Forum Fortune Minerals Limited. T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a... see more

TSX:FT - Post Discussion

Fortune Minerals Limited. > Gold Sparkles
View:
Post by Yellowknifer69 on Mar 17, 2023 4:33pm

Gold Sparkles

Hello and good afternoon my fellow suffers!

It has been a long time since I have posted anything - not much to get excited about with FT lately.
with gold poised to breach the $2000 mark, it is hard to believe that we are wallowing in the $.006 cent range?

I think it is high time Robin gets out of the way and lets someone else try their hand at moving the ship forward.  I also cannot understand what we are operating on - surely we are down to sniffing fumes?

no private placements, no notable news (as usual), Where is Fortune Minerals these days?

Still here but barely ;o)

Yellowknifer
Comment by geolith on Mar 17, 2023 5:04pm
According to their last Financials, as of September 30, 2022 (nearly 6 months ago) Fortune had $521,000 in cash, and $14 million in current liabilities.$13.8 million of that liability was debt. Fortune spends nearly $300k per month to tred water, nearly $100k per month in G&A.  Operating expenses are about $300k per month. So, if everything stayed the same, our $521k in cash would have ...more  
Comment by Marketbeat on Mar 17, 2023 5:30pm
Thanks geo- I would encourage others to look at the financials as they can be eye opening. I've been having a hard time understanding how we are still in the same place after all of these years... YELLOWKNIFER- spot on- maybe we let someone else run the ship - it seems like we are nearing the end of the line anyways.  How will he do a private placement? Who will give more money ...more  
Comment by Freedom2022 on Mar 17, 2023 7:03pm
Oh No worries! fellow "bag holders" the USA and CAN govs ! Will save! the Day!  lmao,, i would vote Goad out if you will?  lol  i only have 145,000 but i have more than some insiders i think?  regardless, action speaks louder,,, Cheers !   Green beer,, puke!   
Comment by red on Mar 18, 2023 8:57am
We can take off where you left off cause not much has changed. We are still a flip of a switch away from something.  what we don't know is just how many lights will come on when it does, if it does, when that switch is flipped,
Comment by sirfartalot on Mar 22, 2023 10:40pm
All in my humble opinion: Another opinion on the hypothetical forethcoming gold price, if one is interested: https://www.cnbc.com/2023/03/22/gold-price-could-hit-high-amid-svb-credit-suisse-bank-problems.html Good luck to all long bagholders We wait ... For something shiny ?
Comment by red on Mar 23, 2023 7:44am
Adds to the intrigue of the "macro" of which we find ourselves....given gold has always been a safe haven for so many and where cobalt is / has been volatile, one would think the Nico unique mix of CMs and the precious metal, would be more desirable ....why not ? What is it financiers see and not see ? the Feds will come up with some supporting components...will it be money? Regulatory ...more  
Comment by Unlurker on Mar 23, 2023 1:00pm
I say we replace him with this chick..  Whaddya think?
Comment by Unlurker on Mar 23, 2023 1:02pm
Well, I tried the "Embed YouTube video" thing.. Doesn't look so good on my end. Here's the video I tried to embed... https://www.youtube.com/shorts/xlS0iI2tozo
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