GREY:FNKLF - Post by User
Comment by
mcuglyon Mar 18, 2013 10:47am
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Post# 21145182
RE: RE: Another new milestone today...
RE: RE: Another new milestone today... They now have 2 - $5 million loans that bear interest @ 12% that are being paid quarterly in shares of the company. This quarter is almost over so we have another $300,000 in interest payments which equates to approx 7.5 million more shares added to the float at current share prices. At least the major shareholders continue to have some confidence in the company, first by giving them the loan, and second by receiving shares in lieu of money. As I posted previously, I don't believe anything will happen to the s/p until May when their first quarter results are out. Then we will know if their production is on track and what their future projections are. They are still a producing mine with upside potential. Check out Victory Nickel (NI) which is producing nothing but currently trades at $.045. Go figure.