FM companies that were dumping. Ps looking better today.The two FM dumpers that we know about.
1. Black Iron was dumping like there was no tomorrow because for them their wouldnt be they needed money.
2. Sulliden Mining which doesnt even seem to be trading any more.
Both of those gems were and probably are still in financial distress so were offloading their shares to stay above ground dragging us down. Also they would need funds in the bank to pay FM their advisory fees.
So that fact that Black Iron is out is good it means no more dumping from them, that only leaves Sulliden and the 10,000,000 that managment just picked up the be dumped on the market and we are free and clear to move up.
Ah yes things are looking good.
foundryman wrote: Ask Matt Simpson? Who did they sell them to? Why were the other F&M companies selling shares? Ask him if he believes the SP would materially appreciate if someone, ANYONE else, were to own this asset? Be interested to hear how candid he will be. My guess? Not so much. Anything is possible, though.
huberpeter91 wrote: i was woundering too. maybe bki ran too early out of money and they were too late for this push. We don't know the exact timing of the bki selling, maybe in January. a little bit strange i have to admit. but doesn't really matter for esm shareholders.
All F+M companies are selling ESM shares. Really not a good sign.
Maybe F+M can better interprete their own PEA numbers than you ickea53.The deposit is that worth what the economic numbers of the PEA tell you. At 1285 usd POG not much.