TSXV:FCO.H - Post by User
Comment by
focsleon Feb 16, 2017 10:46am
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Post# 25854782
RE:Nice
RE:Nice
I'm sure Dundee wanted it close to a buck, keep the share issue low. Fully dilluted we are still under a 150 million shares. And we haven't lost any value in the share price to speak of at this point. We knew it was coming when they filed the shelf, just glad the price is where it is today.
I lost around 20% of share value yesterday when FT issued their shares, so big difference and now they approach 400 million shares fully dilluted. And they will need to issue more in the future to close the deal, so you can almost see a reverse split down the road. I waited until their silver mining fiasco ended and got in under a nickel figuring it would be hard to lose money with their cobalt play.