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Fortune Minerals Ltd FTMDF


Primary Symbol: T.FT

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by stock87on Sep 17, 2024 6:46pm
96 Views
Post# 36228100

RE:Insiders selling?

RE:Insiders selling?I doubt serious investors are selling that many shares. However, there are various schemes by which any reasonable penny stock with good long-term prospects can be used to reduce one's tax burden in both Canada and the US. Those techniques include sometimes selling at a loss, particularly toward the end of the quarter or end of year. It contributes to the Christmas bounce among other things, and enough people doing it will slowly drive any quiet penny stock down to bargin levels.
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