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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
Comment by Lodogon Sep 20, 2018 12:15pm
120 Views
Post# 28656239

RE:Ouch, new all time low

RE:Ouch, new all time lowI had to finally liquidate my position held in FMS, after watching my sizable investment of 8 years become worth a small fraction of what I put in.  I had high hopes for this but watching the continued raises needed to keep the lights on at FMS, while management pulls in huge salaries and continues to issue themselves options, all diluting any value that might have existed has become too much.  

In my opinion Gary has used these funds from salary to line his pockets through Grafoid and this LK project will likely never get to a funded state to open a mine, at least not under the current management structure or potentially current company.  Such a tragic shame to see so much potential evaporate over the years, it is criminal. 

All the best to current holders, painful when your investment disappoints to the degree that it is almost not worth selling it for pennies on the dollar, but alas here we are.  
Bullboard Posts