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Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and Quebec. Seven properties comprise its Easern Athabasca Uranium Properties, which include Murphy Lake South, Hatchet Lake, Turkey Lake, Torwalt, Marten, Wolverine and Epp Lake. Its Blue-Sky uranium projects located within the western portion span approximately 102,000 hectares in the Athabasca Basin consisting of three projects: Blackwing, GR Property and CLK Property. Its lithium projects include Zoro Lithium Project, Jean Lake Lithium-Gold Project, Peg North Project, Grass River Claims Project, and Jol Lithium Project. Winston Group of Properties is its Gold and Silver Project.


CSE:FAT - Post by User

Comment by morrisminimanon Jul 01, 2023 12:46pm
284 Views
Post# 35523689

RE:OMG, seriously?!??!??! its even worse than I predicted!

RE:OMG, seriously?!??!??! its even worse than I predicted!Can't disagree. This move could be very good, or it could be very bad. Its a crapshoot. Rules on the NASDAQ are that they need an ititial $5 share price. but that can drop to $1 before they get punted from NASDAQ. which makes my shares with a cost of .14 worth pennies if even that  (im really too depressed to even do the math). Having said that, if the move brings in new investors and the price goes up above $5, we are golden. but if it drops  even a bit, and there is lots of room to drop ($4 to get to $1) it will get very ugly very quickly with massive dilution required to keep this dream afloat. AND current investors (like me) who are now alienated will not buy those diluted shares (once burned twice shy). So the ride begins, I hope they have a plan to attact new investors, cuz I for one will not be buying this at $5. 
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