RE:Selling?I don't think it that complicated. I suspect that there are a number of people who have a significant profit , percentage wise, that 8 cents offers: a large capital gain which given the history of FT shares , is a rare occurance in itself. Please recall that the market price in the past year never got over 6 cents, spending most of its time below 4 cents, so 8 cents is a bit of a surprise as is the news of no resulting current dilution .
I further suggest that after a weekend to think things through, current shareholders and potential new investors may look at the numbers and conclude that at current prices , FT shares represent compelling value if, as and when this all results in an operating mine etc.
And , the fact that both the US Department of Defence and the Canadian Government are so far financially backing the company is just a further positive .
Caveat emptor, of course, but situation looks pretty good !