TSXV:FCO.H - Post by User
Comment by
westernkidon Mar 03, 2015 7:59pm
130 Views
Post# 23486409
RE:RE:RE:RE:RE:feasability results
RE:RE:RE:RE:RE:feasability results
And one more thing to add to your memory bank ... As poor as our past managers were, one of the GOOD things that they did accomplish was NOT TO SELL OUT FCO. Back when the financial market was tighter, than it is now, the crooked Bankers and Financial Institutions were wanting 51% + of the stock, high interest rates and other financial benefits (like their own Directors on the BOD) in getting money to build the mine. Our managers didn't give in and give away the ICP for pennies. (One bad thing they did do though, was doing some loan business with Glencore (now a friend of Xstrata/Noranda/etc.). Now, Glencore has a great interest in control of the world's supply of Cobalt - but, so does Noranda and Xstrata. My personal opinion is that whoever ends up owing the Super Fund Property will end up with the ICP also and will "continue" to call the shots on what goes on (or not) at the ICP (or FCO/FMI).