RE:RE:Thoughts
11/03/2009 Fortune Minerals announces agreement to purchase lands near Saskatoon, Saskatchewan for NICO refinery. Investment in the refinery is estimated at $150 million and construction is anticipated to commence upon receipt of the NICO mine permits and project financing
Goad's been going on about this refinery idiocy for an insane amount of time and has advanced the plot not one inch. This has been an albatross around Fortune Minerals neck and is dragging us all down into insolvency. Our CEO's brutal incompetence is the primary reason why there has been no meaningful movement towards the developement of NICO. Who but a capricious fool would engage the company's resources and time into something so useless as the revenue silver mine fiasco. Resources and time that only should have been focused on NICO.
All the macro forces in the world can't override micro brained management. He should just give himself a golden parachute and jump out of the f-ing plane already. Let someone with ability and focus negotiate a deal with a bigger mining outfit and end this madness.