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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.


TSX:FM - Post by User

Post by mrmomoon Nov 01, 2023 11:55am
197 Views
Post# 35711404

THIS is what crooks do....

THIS is what crooks do....And 99% of the time, these easy soft targets, like these NON-combative, literal "sitting ducks" Canadian miners, which of whom hold VERY valuable assets outside North America in VERY politically unstable jurisdictions, eventually lose their ownership OR get taken over CHEAP OR get completely booted out from the country they operate in. You almost NEVER see this happening with American miners, half the time it's Europeans or other and the other half is ALL Canadians. And you don't have to be a rocket scientist or brain surgeon to figure out WHY.

Canadians in general are viewed non agressive passifists, a literal joke and are completely ridiculed and NOT taken too seriously by anyone outside Canada. And this evntually, trickles down to & translates into the Canadian corporations & Ceo/mgm that lead them. Just look at how many Canadian miners were booted out or assets siezed in places like Afirca, South America & Asia (non oriental asia!) in the last two decades. The list is Soooooo long that i don't have enough time or space to name them all....

IF First Quatum mgmt want to GTHO of this "delicate & precarious" situation in one piece without losing all their assets or having to pay BIG bucks/bags of money to keep them, then these Canaidan corporations have to take a PAGE out of the American playbook and play HARDBALL with these crooks. Because if they don't......they might as well start packing their bags, that single shirt they left on their backs, tuck their talis behind them and leave now. The problem is Panama is not only VERY complicated because you have a few players behind the scenes, hiding in the shadows, who want the Canadian OUT & take control of those VERY valuable, lucrative copper mines. But what folks don't graps, that it's not ONLY the politicians who are pulling the strings here and have their hands out for MORE........

Yuo don't lose MORE than half your market cap in a few days, which is ~$14B!!!! btw for those that can't add ........for solely those Panamanian assets. Someone is trying REALLY hard to put the MAJOR squeeze on FM, Fm mgmt, FM s/h and scare the beejesus of them & out of those Panama mines. And this goes WaaaaY beyond JUST those crooked, VERY greedy shady political figures......

GLTA



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