TSXV:FGC.H - Post by User
Post by
DaPharohon Jun 05, 2008 10:39am
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Post# 15148375
To all disgruntled holders
To all disgruntled holdersA $15M market cap does not get a contract worth as much as the company if they could not deliver.
Truth of the matter is that presently there are 8 junior companies between potash and phosphate working on 2D and 3D seismic to prove up reserves and prove to the market they are worth the rich valuations they are being accorded.
As long as there is work out there it doesn't matter who does it as long as it gets done under current circumstances.
I agree this could turn out to be a bad investment but this is a risk you should take into consideration when investing in a micro cap.