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Bullboard - Stock Discussion Forum
Fortune Minerals Ltd
FTMDF
Primary Symbol:
T.FT
Metals & Mining
Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper...
-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.
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Bullboard (TSX:FT)
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(224)
•••
Allman
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Comment by
Allman
on Jul 01, 2024 7:26pm
RE:Option to buy refinery expires.
Any guesses as to why this news release happened on a National holiday vs the next business day?
(861)
•••
ztransforms173
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Post by
ztransforms173
on Jul 01, 2024 6:14pm
What HAPPENED To Our $ 1,437,500 DEPOSIT On JFSL Option ?
The Toronto Stock Exchange (the “TSX”) has provided conditional approval in respect of the Funding Agreement. May 22, 2024 FT News release *** WHERE is the FINAL APPROVAL from the TSX&
...more
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posted Nov 24, 2024 9:00am by
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(98)
•••
Lotten
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Comment by
Lotten
on Jul 01, 2024 3:16pm
RE:RE:Business As Usual
Of course this news alone isn't a reason to gloom and doom for long term investors. It's just a part of a puzzle where the picture is bad management in my opinion. The news can even be good
...more
(150)
•••
Jim1712
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Comment by
Jim1712
on Jul 01, 2024 1:18pm
RE:RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT
Like really hard to move ! And impossible to finance as shown by Fortune. Worley is going to have to get creative and finance this in house. Why didn't they ? Jim
(150)
•••
Jim1712
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Comment by
Jim1712
on Jul 01, 2024 1:14pm
RE:NEGATIVE US REACTION To Property OPTION EXPIRY
Wrong ! Up almost 10 percent at this point. Lol. Volume is anemic . Swings one way or another are not a trend ! Jim.
(861)
•••
ztransforms173
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Comment by
ztransforms173
on Jul 01, 2024 11:06am
RE:RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT
- METAL FABRICATION (CUTTING and WELDING steel), ASSEMBLY and STORAGE is NOT VERY DAMAGING to the ENVIRONMENT and can EASILY BE CLEANED UP WITHOUT GREAT EXPENSE - SO NO, your ANALYSIS is NOT CORRECT
...more
(224)
•••
Allman
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Post by
Allman
on Jul 01, 2024 11:00am
US military's bismuth and cobalt consumption shortfall risks
The below recent article's hyperlinked report has studied the US Military's critical minerals' consumption shortfalls in the event of conflict. Turns out that bismuth and cobalt are on the
...more
(326)
•••
Baserunner
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Comment by
Baserunner
on Jul 01, 2024 10:51am
RE:MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT
I think it is as simple as they have not received assurances of the permitted usage for the site from the regulatory authorities! Don't kid yourselves about the property, it is very hard to move
...more
(861)
•••
ztransforms173
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Post by
ztransforms173
on Jul 01, 2024 10:49am
NEGATIVE US REACTION To Property OPTION EXPIRY
FTMDF Fortune Minerals Limited Ordinary Shares 0.055 -0.00857 -13.49% 0.055 / 0.0698 (22090 x 12100) Real-Time Best
...more
(861)
•••
ztransforms173
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Post by
ztransforms173
on Jul 01, 2024 10:41am
A Distant 'THOUGHT': Is JFSL GUNNING For An EQUITY STAKE ?
- are these people SMART and SOPHISTICATED ENOUGH to TRADE the JFSL property for COMMON SHARES in Fortune Minerals? - IF I were in their POSITION, I WOULD but they are NOT ME ! z173
(861)
•••
ztransforms173
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Post by
ztransforms173
on Jul 01, 2024 10:24am
MyTake: JFSL WANTS MORE MONEY & CONSTRUCTION CONTRACT
- as I 'SUSPECTED', FT has NOT RECEIVED TSX APPROVAL for SECOND CONVERTIBLE DEBENTURE (?) - therefore, it CAN'T EXECUTE LIND PARTNERS LOAN AGREEMENT and GET HOLD of the CASH to CLOSE JFSL
...more
(14)
•••
Nemesis
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Post by
Nemesis
on Jul 01, 2024 10:17am
FT's reason for letting the option expire ...
In my opinion, this is good news. The conditions that were attached to the amended agreement gave far too many advantages to JFSL and were far too restrictive for Fortune Minerals and its partners
...more
(56)
•••
Yellowknifer69
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Comment by
Yellowknifer69
on Jul 01, 2024 9:53am
RE:Business As Usual
Hello and Happy Canada Day / Fourth of July to all Bottom line is FT still needs a sizeable investment and commitment from an equity partner. This news is not really a surprise but
...more
(98)
•••
Lotten
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Post by
Lotten
on Jul 01, 2024 9:48am
Business As Usual
Then shareholders are thrown into ignorance once again. It is no longer than a little over a month since Fortune reported that they had entered into an amended option agreement with JFSL to
...more
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