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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. > Sadly we get what we deserve.
View:
Post by ProfessorMetal on Jun 16, 2023 10:33am

Sadly we get what we deserve.

The complacenacy in which people have watched this come down to this level, really tells you you get what you deserve.
Rather than a constant newsfeed about critical metals info - you people need to look in the mirror.
This stock is closing in on $0.03.
Literally every post should be about how we can replace this managemnet as soon as possible.
We will need a white knight to save this. How anyone anyperson could have voted to support this management team is to say the least surprising.
Without going into all the issues - just look at the share price performance during the last few years.
Despite all the tailwinds that should have lifting this higher.
You get what you deserve. And you must really ask yourself, if they miss deadlines for just putting in paperwork and also cannot even seem to figure out where to process the material - how in the world could you trust this team to build a large project like this is the question I am asking and you should ask yourself.
When the vote comes around again. I will be voting against this management team, just in pure principle. As my small investment and value here has been destroyed. But yet the deposit and support from the locals and the Federal Govt seems solid.
Comment by ForcedHysteria on Jun 16, 2023 11:31am
Long rant: TLDR: you misunderstood overcoming headwinds for tailwinds You misunderstood all the news of prior years. None of the news of prior years has been "boots on the ground" news. They were not tailwinds, tailwinds follow a directional movement of everything moving forward in a similar direction. There has been hurdle after hurdle and obstacle after obstacle. A better analogy ...more  
Comment by ToadyToadman on Jun 16, 2023 12:12pm
The only way for this mine to ever be developed is for a buyout. This management group cannot do what is necessary to move it forward. Nobody is throwing $100-$200 million at a company that has not done much past exploration for this deposit for 2 decades. This will get sold and everyone will take the lose because it is either sell or go bankrupt Look to the fate of eCobalt and the mine in Idaho ...more  
Comment by ForcedHysteria on Jun 16, 2023 12:28pm
While i do understand your sentiment, the same could have been said about the ring of fire in ontario (Noront Resources).  Still might be pennies on the dollar, but in this scenario, you only need a couple pennies to break even :P 
Comment by geolith on Jun 16, 2023 5:06pm
Comincos Sullivan Mine sat for decades as there was no easy way to separate the lead and zinc cons.  The Prarie Creek deposit was discovered in the 1960's, and it still hasn't produced.  Many deposits take decades to get over the finish line, even of it's been in sight for many years.
Comment by red on Jun 16, 2023 8:06pm
As we are and have been .... we can only hope for better days ahead .... at the moment yes it looks pretty bleak 
Comment by sirfartalot on Jun 18, 2023 8:49am
All in my humble opinion: All these battery plants being constructed need minerals.   It has to come from somewhere.  It won't just magically appear. Where's the boat anchor ? Hypothetically, does waiting / dithering until the end of year for another hypothetical severe dilution for the next tranche of debt  coming due benefit shareholders or someone/something else ?? Is ...more  
Comment by Jim1712 on Jun 18, 2023 10:31pm
Critical minerals are critical! Jim 
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