Fabled Silver Gold Corp T.FCO

Tripfontaine on FCC

[greggegen]

As a long suffering e-cobalt holder...I think Tripfontaine has made some sensible points which trump (pardon me) any perceived merits that the Jervois deal may offer. 
The Jervois deal is sensible...but mostly only to Jervois...their 'deal' for eCobalt is timely/beneficial for THEM and the (sell-out) eCobalt management who have failed to execute the Idaho mine development plan for far too long...and left the shares vulnerable to the usual shenanigans of resource stock shorts on the (not so )very reptuable TSX. I can see that Jervois management may be the smartest guys in the room....very experienced and savvy...savvy eough too to throw fairy dust in the eCobalt management eyes and talk a global strategy (immense risk btw) while taking control of a unique US asset that has been bedevilled primarily by poor management for years. And if you ask me...the tragic slide in value for this company isn't solely down to market fluctuations...it has been driven down woefully by a string of significant execution failures along the way..by mediocre managers who have inched along but prevaricated and left expensive capex stranded for far too long...both before and since our new CEO came on board.  If Jervois are allowed to 'win'....this deal will be the strategic pivot for legitimising and leveraging their cobalt strategy...and become their real company maker. Our project is within a spade of being shovel ready, current market prices notwithstanding (and they know it).  I think the Jervois boys probably do have the grit/expertise to get eCobalt off the ground...but then this can only happen once they take control at our dilapidated share price...which will allow them to dilute the rest of us substantially (yet again!). In these kind of shareholders retail holders are usually toast anyway.....we are facing more dilution either way ...but Jervois will engender a double round of it...first through the 'merger' and subsequently when they finance the project. 
FCC isn't a slam dunk alternative....but with only two apparent options before us... to my mind they have their wits about them and it is the asset that will still attract the funding in the end. And there isn't much left to do in terms of a another NEW feasibility study. I will not be supporting the Jervois boys...they are apt to hurt me more than the others? Very disgruntled and dismayed in London. G.Egen