TSXV:FCO.H - Post by User
Comment by
northern-ehon Mar 16, 2009 11:42am
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Post# 15846837
RE: RE: ANYONE CONCERNED?
RE: RE: ANYONE CONCERNED?Concern is warranted. The lack of news about financing of the project is the main reason for the low share price, IMO. To issue shares to fund mine construction, with shares at this level, would be foolish and extremely dilutive. But if the project is put on hold, the share price can drop much further. It looks like a lose - lose situation.
Management seems to have its head firmly and deeply buried in the sand. It's great to issue news releases about progress with environmental issues. But that is all meaningless without financing. They've done a great job of keeping shareholders in the dark. If they have a plan, I would love to hear it.