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Fabled Silver Gold Corp. V.FMK.P


Primary Symbol: V.FCO

Fabled Silver Gold Corp is focused on acquiring, exploring and operating properties that yield near-term metal production. The company focuses on acquiring precious metal properties in Mexico with blue-sky exploration potential. It has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.


TSXV:FCO - Post by User

Post by Doozeron Nov 24, 2022 7:50am
226 Views
Post# 35124484

Q3 financials on SEDAR

Q3 financials on SEDARI don't know how FCO/Peter plans to pay GMC $1mil on Dec. 4th, as well as an additional $1mil in 2023 spread equally across the 4 quarters.  If he's lucky GMC may agree to another amended payment schedule, but they'll need to see some incentives to agree to that. 

FCO will not be able to comply with the payment schedule as currently constructed, let alone fund phase 2 drilling, even if that PP was completely filled.

Peter's silence on how he is managing this GMC payment risk given FCO's limited cash position is concerning.  

You've got 1.5 weeks to come up with $1million dollars Peter, what's the plan?
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