RE:RE:RE:RE:RE:RE:RE:RE:RE:late springNo shareholder has come close to the equity investments made by POSCO and ProCon (China CAMC Engineering Co., Ltd.).
AKA Big horses with deep pockets and global reach. Their paper loses and cash drops are huge. We never a hear a word about them or from them. You would have thought by now they would have demanded a management change. Did Goad go to them, knowing they were largest fortune shareholders and by far the most knowledgeable and sophisticated enitties regarding FT's assets and their future values and did he obtain permission. Permission in 2014 to buy a 120 year old monometallic, narrow vein mine not mined for 115 years and as a happy triumvirate did they then hand over millions of 40 cent FT shares and millions in cash without turning the key on the underground mill? When after 6 months operating the mine without producing cash flow, silver or operating the mill, did then agree to let the vendors off the hook and transform a put and pay contract (predicated on 10 million in silver per quarter production) into a bone crushing loan @ 15%. Star mines, the 2014 mine vendors, made out like bandits.You got to hand it to them.