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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company. The Company is engaged in the exploration and development of deposits of flake graphite located in Quebec, Canada. Its projects are Lac Knife and Lac Tetepisca projects. Lac Knife project is a high-grade crystalline flake graphite deposit located in northeastern Quebec, approximately 27 kilometers (km) south of Fermont. The property consists of approximately 57 mining claims covering 29,863 hectares. Lac Tetepisca project comprises two properties, Lac Tetepisca and Lac Tetepisca Nord. These properties are located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, approximately 234 km north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of St. Lawrence River in the Cote-Nord, Quebec. Its properties form a block of approximately 115 claims, covering 6,000 hectares within the Manicouagan-Ouest Graphitic Corridor.


TSXV:FMS - Post by User

Post by riverthamesviewon Aug 30, 2020 7:55am
165 Views
Post# 31476417

Time for a total rethink

Time for a total rethink

For anyone who doesn't think a noteworthy consolidation is necessary I hold a different stance. Prevailing wisdom by some is the lack of desire for a perceived share ownership reduction. The dilution happened years ago. We need to come to terms with that. We can all hope for Grafoid to select us to go public through. Barring this from happening we can sit at .025 for eternity like we have or perform a 25 - 1 or higher consolidation. They need to sell the Grafoid shares and Lac Knife assets then build a business from there. It's easier to move up from .62 with less than 20m shares, cash and a business plan for success then it is to go from .025 with debt no cash and no way to develop Lac Knife. It's time for a total rethink.

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