RE:RE:Business As UsualOf course this news alone isn't a reason to gloom and doom for long term investors. It's just a part of a puzzle where the picture is bad management in my opinion. The news can even be good news for long term investors.
But I find it a bit odd that an agreement announced a month and a half ago suddenly isn't valid anymore. What happened?
I find it hard to believe that JFSL would pull out of the deal as they have patiently renewed the option with Fortune, and the deal looks like a fair deal from their point of view.
So what about Fortune? Can it be any kind of problem with the payment? Something with the Lind agreement, or the approval from TSX? A lot of questions, but no answers. As usual Mr.Goad holds his cards close to his chest.
No transparency from Fortune Minerals, and all long term investors should know all about it.
My opinion.