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Fabled Silver Gold Corp T.FCO


Primary Symbol: V.FCO.H Alternate Symbol(s):  FBSGF

Fabled Silver Gold Corp. is a Canada-based company. The Company is focused on identifying new opportunities.


TSXV:FCO.H - Post by User

Fabled Silver Gold Corp > Bankruptcy?
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Comment by OldGuardon Feb 08, 2019 3:49pm
71 Views
Post# 29339886

RE:RE:RE:RE:Bankruptcy?

RE:RE:RE:RE:Bankruptcy? I would like to think things will turn out well...but with the low cobalt price it seems clear that the feasibility report (when finally made public) will say 'Not feasible at this price'.  The company will then continue to have no expected near term income, and an unsustainable burn rate of cash.  The only two options I am aware of are 1) declare bankruptcy so they can continue to exist as the current corporation or 2) issue new shares at a very low price to get some operating cash.    Either one leaves current shareholders with little to no value. 

Contrary oppinions welcome.  
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