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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 The_Guruon Sep 01, 2015 4:44pm
320 Views
Post# 24069698

Likely a small pop in price soon....

Likely a small pop in price soon....Since they are trying to raise money at $0.13 per share they will do everything possible to keep this above the offering price.  If they are not able to get this above $0.13, then I would expect the offering price to be dropped into the $0.07 to $0.08 range assuming the stock is trading at $0.10.  A bad omen for shareholders is the fact the CEO let 750,000 in the money options expire recently rather than put $75,000 into his own company.  Great guy, take out millions in bonuses and salary, but not put some of that money back into the company when it needs it.
Bullboard Posts