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Founders Metals Inc V.FDR

Alternate Symbol(s):  FDMIF

Founders Metals Inc. is a Canada-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares (ha) with historical production of over half a million ounces of gold. The Antino Gold Project is a resource definition stage gold exploration project located in southeastern Suriname, within the Guiana Shield Gold Belt. The project is approximately 275 kilometers (km) from the capital city of Paramaribo and is accessible by air to the Antino Camp airstrip or by barge along the Maroni/Lawa River bordering French Guiana. The Project covers a significant area of alluvial and small-scale saprolite open pit gold mining with approximately 500,000 ounces (oz).


TSXV:FDR - Post by User

Comment by Scorpio2on Feb 18, 2024 3:10pm
71 Views
Post# 35886850

RE:FDR and news release etiquette

RE:FDR and news release etiquetteYes, 68Charger1. If you have a cash account with a negative balance, that is technically a margin account. So just keep the balance at above zero in order to prevent the custodian/broker from making your shares  part of the lendable pool. Those shares remain an asset of your account but if you have a negative cash balance, they may have been loaned out to another investor for a fee. So people think they still hold /own them because they see those shares are an asset of their margin account. They do own them but don't have possession of them for a certain period of time. So if they were to sell them, the custodian/broker HAS TO GET THEM BACK. This is called a buy back. Sometimes they can't gert them back in a timely fashion. In that event, the rental fee goes up and the broker/custodiian tries to find the shares from another client of theirs.
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