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Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. It has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Riley Brook property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.


TSXV:FNC - Post by User

Post by dmtcon Jan 29, 2024 11:16am
122 Views
Post# 35850425

Loosing side

Loosing side

Hi. A few thoughts. I’ve been mainly going with the flow over these past few years regarding Fancamp and the various disputes that have occurred since Dr. Smiths ousting. My feeling at this point, is that I’ve been on the loosing side all this time. Apart from Mr. Hunter saving us from the initial Scozinc transaction that would have raped shareholders, it’s been one loss after the other. I think Dr. Smith is mainly to blame for this to begin with because he wanted to oust Billings and Mehra. I understand that they would fight back. Anyway, so how’s this for an idea, instead of tearing these guys a strip day in and day out, how about coming together and actually trying to work with them. Maybe you’ll get more flies with honey. Nobody is coming to save the day. If people weren’t trying to overthrow the board or management we probably would have had our AGM, we also probably wouldn’t have had this recent retaliatory dilution which appears to be done to give them permanent control over the company so that nobody else has a chance to take them out.

 

And another thing, I see the benefit of having Magpie on the table, and I’ve tried to be positive about it, but I’m sure I’m not the only shareholder that threw up a little bit when the self serving 5 million to Peter was added in. If he is so for the average investor, why weren’t the long term investors included in that? Why not talk to those guys and work out a deal to turn over the special shares without that clause? It would still be a huge win for shareholders if the company was able to sell Magpie either through Cacr or someone else, and it could be done contingent on a deal that works for everyone. Perhaps that would even motivate Fancamp management to make that happen. 

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