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Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. The Company has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.


TSXV:FNC - Post by User

Comment by Maxmoeon Sep 29, 2023 8:32am
43 Views
Post# 35661170

RE:RE:RE:RE:How long can the auditor delay last?

RE:RE:RE:RE:How long can the auditor delay last?It's very rare for any small cap exploration company, not just fnc , to have an issue with the auditors. About anything. For starters, none of them have any material assets on the balance sheet other than cash and other publicly traded juniors. Secondly, it just doesn't matter to the bod,cfo, and shouldn't matter to fnc, what the value of that asset is on the balance sheet. It might matter to trump that his penthouse is valued at double or triple if he wants to borrow against it but I seriously doubt fnc needs or wants to use those notes as collateral for anything. The complete lack of transparency and proper disclosure going back to sept 2022 forces us to speculate what the underlying issue might be. Like, was there questions about the nefarious nature of the giveaway to cia for their fnc block? Has this been a contentious issue all the way back to sept 2022 or has something more recent come to light? Are their terms or covenants or teeny tiny print items that may render those notes worthless? Is somebody trying to use the underlying asset value of fnc,  vs the stock market cap, as collateral for their personal balance sheet? The possibilities are almost endless. It's safe to say the auditors aren't pushing for those notes to be "written up" to higher valuation than historic cost. Guffaws! 
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