RE:RE:RE:RE:RE:RE:New Doc Compiles NWT Critical Mineral Showings Red- stellar appraisal of the current state of HO et all.
I have an option after holding this turd for the better part of 3 quarters.
there is a tale of 2 fortunes.
1. an advanced shovel ready project that is on the precipice of an investment decision by any number of its many nda holders. I think some time ago people speculated on sherritt.
2. a company that leverages dated information and Marco events to posture its farther ahead than it actually is.
No one can deny there is a lot going on in the macro- but fortune is not doing anything whatsoever to move it forward. I believe marketbeat stated that fortune doesn't lobby the federal government- well- I can say having played the corporate game for some time- lobbying is a necessary evil needed to advance and receive government support. The formal act of lobbying keeps everything above board and kosher.
goad is no spring chicken. He's not formally lobbying. And he is about to run out of money and will likely not be receiving any government money of substance any time soon.
so- how will fortune proceed- pretty simply- goad will spin his tune raise the funds to fuel his lifestyle further bleeding the shareholders and robbing them of any real returns.
in the coming weeks/ months I will liquidate- I see no signs of the company taking any initiative to either lobby, tell its shareholders what its doing or what the challenges it's facing.
Nico has value- but under current leadership I do not see this going anywhere as evidenced by the returns on this turd.
some have been longs- I've watchd fortune from a far. I can only imagine the pain they've felt. Being told once the road is there the rest will come. What a load of bs. If their IR person or anyone tries to tell me a road was built for more than just a town of a few hundred/ or thousand people- well you are right- it's a critical infrastructure piece- but by no mean was it built for fortune. It's laughable the company tries to hang its hat on that. Further- if that was the case- where is the money/partner/production.
im afraid Rick rule would peg this jr company perfectly- their only goal is subsistence- raising money to keep the idea alive- without any actual meaningful or specific metric or avenue for production- rather a - we need free money approach.
im afraid I've come to my senses on this one. I don't need the cash- so if it move great. But I don't expect anything any time soon.