TSXV:FCO.H - Post by User
Comment by
focsleon May 23, 2013 4:04pm
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Post# 21433660
RE: Survey
RE: Survey It was disappointing to see them gain access to more cash while at the same time announcing the ICP shutdown. This will allow them to have salaries for a couple more years. For what?
Management hopes to upgrade the refinery to a point where they can process enough material to have their salaries for even more years while keeping the ICP moth balled. If they just keep it going long enough until retirement comes along, life will be grand for them in their golden years.
Unfortunately what you believe in your heart is likely to come, bleeding a slow death until the money runs out.
They could attempt another reverse split, but who in their right mind would buy into such a disaster.