Fortune Minerals Limited. T.FT

Warning

[Lotten]

A lot has happened with Fortune Minerals since I last wrote on this forum. The most positive thing must be the contribution from the governments. This probably means that the chance increases that there is life made for this project. Anything else would be a direct waste of tax money. The collaboration with Rio Tinto also promises well. At the same time, the refinery site is virtually financed. In this mix of good news, it is probably exactly where there is something jarring in my opinion.

Is this loan agreement with Lind really that good? And then I first and foremost think of what will happen to existing shareholders, and especially those with a long-term commitment. In my opinion, Mr. Goad is throwing existing shareholders under the bus with this deal which, while providing the company with much needed funds, also provides a bunch of new shares. The dilution is going to be massive. And that in turn will certainly affect the share price in a negative way. As I see it, Lind is not a long-term investor, but a lender. And they certainly want their money back in a safe and efficient way.

I believe that the trend of the share price will point downwards in the coming months if the loan agreement with Lind is completed. There will of course be some peaks, but it will be temporary.If I'm right, I think we can still buy Fortune Minerals shares below five cents in the future.

All my opinion

[red]

When the up dated FS is completed and FEED is done along with Rio testing  done (proving success of RT process possibilities) it would be surprising if Rio Tinto is not in, in a very big way, meaning the loan would be a non issue ?  testing the possibilities of AB gov involvement is also a factor, probably when the land deal is done in Lamont, means there is territorial, provincial

[Lotten]

Hello red, and thanks for replying to my post. I'm not sure if you understood what I was trying to say, or if you misinterpreted it. But I mostly agree with everything you write in your answer. No doubt about it. But the way I see it, you paint a much bigger picture. Nothing wrong with that, but my claim is more or less reduced to nothing. And that is also correct. In the big picture, it has

[red]

Hey L, I read your post exactly as you intended nothing wrong with what you write ....we all have the option to speculate and clearly that is all I am doing as well. We're good ! 

[Baserunner]

I believe you are so far OFF the Mark!!! When it comes to the share price now and in the future!

[hounddog69]

I sure hope he's off the mark lol

[geolith]

And CAN YOU IMAGINE what he might do with a thesaurus?? It would be amazing, astonishing, incredible startling, mind-blowing, staggering, jarring, astonding!!!