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FOCUS VENTURES LTD. V.FCV

"Focus Ventures Ltd is a Canadian-listed exploration company. It is engaged in the acquisition and exploration of mineral properties located primarily in Peru. The company focuses on developing the Bayovar12 sedimentary phosphate project in northern Peru. Focus Ventures operates through two geographic segments namely Canada and Peru."


TSXV:FCV - Post by User

Comment by kimberon Aug 09, 2016 1:35pm
83 Views
Post# 25123250

RE:Volume

RE:Volumeprobably because there isnt any news on the horizon. They bought themselves 3 years of time with the re-negotiation of the Sprott Loan.  These guys need to get going on serious discussions with a strategic partner in the fertilizer business.  A read of the recent MD&A seems to illustrate that they are no nowhere near that-they're still talking with intermediaries to try and arrange meetings with the actual strategic partners. So they appear to have a long way to go. And probably best to wait anyway...as ag prices are bottoming and likely to experience a huge multi year year bull market in prices (wheat, soya)...so no rush anyway..sentiment stinks in the fert. business at this poinbt in time. This play, as long as it has taken to daye, will take a lot longer still.   But, there is a faint light.
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