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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Bullboard Posts
Post by bayoubuckson Jan 28, 2014 4:03pm
266 Views
Post# 22144048

Benefit of Grafoid to FMS shs.

Benefit of Grafoid to FMS shs.If Canadian accounting is the same as in the U.S., in order to consolidate earnings in your financial statement, you have to own 80% or more of a subsidiary.  Otherwise, any increase in the price of the stock only adds value to your Balance Sheet which is some circumstances creates a tax liability.  Having said that, it would appear that no matter how profitable any of the companies are, it won't increase the profitability of FMS, only increase the $$ in the Balance Sheet.
Agree or disagree anyone?

Bullboard Posts