TSXV:FCO.H - Post by User
Comment by
AyuFanon Aug 21, 2018 2:36pm
178 Views
Post# 28494549
RE:Floundering
RE:FlounderingAccording to their latest presentation obtained from the website.... they stated Q3 is the Feasible Study .. then Q4 is when they finalize the financing.
so... from history.. it means late September for Feasible Study...
as for Offtake/Financing.. that's tricky. .. .because finalizing means they should (good corporate communication) announce they have signed a preliminary agreement with a company(s) (name needs to be provided at that time) . the they finalizing the agreement would be in Q4.
So.. that means they should have offtake and preliminary financing news within Q4.
If history means anything.. I highly doubt management will provide any in-between updates until they absolutely have to. In my Opinion, the Aug 16th announcement was a forced move because the SP has been going down ... so they placed the announcement just to ease the tension.
al in all.. good luck!