TSXV:FGC.H - Post by User
Post by
rockhead7on Sep 10, 2010 12:24pm
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Post# 17434308
FGC
FGCIn the very first post on this board I pointed out the obvious strengths of this company-known gold region-infrastructure in place-$10 already spent and I also warned that 18mm shares were going to hit us in the face from long suffering MXI shareholders. I recommended waiting for a buying opportunity as the tsunami of dividend stock hit us. That point is upon us.
I just attended a Merrex presentation in Calgary. While there I had an opportunity to hear the FGI story from Mr Henry.
Walter appreciates the incredible opportunity that FGC represents. He has a long term, logical plan to move the project forward. His disposition of Jubilee to fund Noalini was brilliant. The shares outstanding is a very reasonable number and-and this is rare-we have the leverage of having 100% of the project. A few good holes will move this exponentially, but I hope that he takes it slow and lets the stock shift from weak to strong hands before he ignites the share price. We still have millions of shares in the hands of MXI shareholders who are only vaguely aware of FGC and may not even be aware that they have FGC in their accounts(I ran into a few of these people at the MXI roadshow) Build a base here for a few months or 9 or 10 million shares then let her rip