RE: RE: That Explains ItGlad to hear your response to the clowns. I have no problem with share price predictions if there are facts or analysis to back them up, but predictions for lower share prices on this stock need something more then a predicted number.
Now that we have more information in the form of the prospectus, I believe that all shareholders need to take a close look at maintaining their stake in this company because (1) all the potential owners of FIU likely already hold shares and (2) the request for more money and the apparent and stated reasons for the money are reasonable and (3) as this mine is nearing a profitable state, this may very well be a good investment to make in an undervalued mining company. If you're like me, it'll be one the cheapest prices paid yet.
Luckily, I have some more resources to put into this company. I hope most of you are able to make that decision as well.
There is no free ride here. If we do not pony up more capital, the share price could potentially further decline as buyers are given larger positions in the mine for substantially less investment. You have that exact opportunity right now -- more of the company for substantially less money. Consider this: if the total issued shares end up at 350M and the mines produce 350k oz of gold annually with a gross margin of $1000 cash, for a single investment one time investment of $1000 you will own a stream of 1 gold oz per year (roughly).
All I ask for from the company is a continued improvements is to get this mine to a cash flow positive situation over the next 12 months.