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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 Lottenon Aug 26, 2022 4:58am
187 Views
Post# 34921697

RE:RE:question

RE:RE:question
The way I understand your comment you are concluding that Mr.Goad choosed to extend the debentures until the end of November. That the decision was his. But how do you know that? Maybee Mr. Goad didn't have a choice, maybee that was the best deal he could get? The fact is that we don't know for sure.

And that directs the spotlight on how this company communicates. A lot off press releases that gives us a minimum of information. Vague formulations that gives us hope, but also more questions than answers. Look at this bullboard. A lot of hope and wishes, speculations and dreams, but where are the facts? Will we get a refinery site or not? Will the debt be paid in time? Will we be granted government support? Will Haywood succeed in raising money? When will we get an updated FS? Is a partner knocking at our door? And so on and on. What do we really know?

The shareholders are kept in some kind of ignorance. Lost in the fog of uncertainty with some rays of hope shining trough. Maybee we will see the sun tomorrow?

Nevertheless best wishes to all shareholders, and have a nice weekend!

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