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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by redon Feb 07, 2021 8:54am
152 Views
Post# 32495136

RE:RE:RE:More insider trading

RE:RE:RE:More insider trading

Well it does seem odd.....I mean really he and they are / is buying now ( recently) when if he had the spare cash, could have been buying at .06 or less not long ago .....so what has changed that they are prepared to suddenly pay 2x the price they could have, that he and Others on the board including Robin, decided to pick up some extra.

we have all seen in other companies when a stock tanks ....in some cases mgt and board buys as a bit of show of confidence they have in thier company ....I just seen this with one of my YK gold stocks and mgt buying helped me regroup.

Obviously in the case of FT, something happened ( and if it was ongoing, concluded ) early January that sparked this sudden interest by mgt. on the face of it looks good for us as we always like to see mgt and board investment....not sure how it's going to look for them as this unfolds ....unless of course the news comming is so damn good, and they know it, that we won't care and it will be water under the bridge.

I am inclined to think positively on this and I think it would be suicide on thier part to pull something like this off and not expect shareholder backlash, if what's coming is not significant.  Many of us have be here 10 plus years and some of us well beyond that and know this company inside and out and many of the players.....To think that some how we would standby and stand down would not be a good policy.

I am going to run with the thought that's what's coming is going to be substantial and I am not thinking a short burst of 0.30 either, but what ever it is we will all be happy campers. 

FT has it all, everything is going in the direction we needed and next news better be what we have been praying for or they have set themselves up for a Canadian type insurrection at HQ. .....which means we may toss some cabbage and tomatoes lol . Stay long people good things to come. 





 

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