TSXV:FCO.H - Post by User
Comment by
dgk80on Aug 26, 2005 10:19am
141 Views
Post# 9466495
The Facts
The Factspcnisbet
Ok lets look at the facts
regarding arsenic Rio stated he feels arsenic could be a problem.That is his view,as he stated.Now read the rest of his review. I see no lies here.Maybe this board can start stating thier views.
I have.
Just think back to Nov 2003 PP at .25 plus half a wt.Expires in Dec 2005.FCO raised over 10 million.In Feb 2005 FCO management did the same thing with yet another PP.To do the same things they stated to do in Nov 2003 PP monies.Yes I am very upset and sitting on wts.with no value at todays share price.Yes FCO management in Jan 2006 will do yet another PP to do the same things over and over again.
Is this a lie too???
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Rio's Post
You say arsenic is not an issue - I say it is. We will see who is right.
As of right now - the permit by the cheerleaders words was suppose to already be here. It is not - it is not even close. If you think there will be no public comment and other issues that will delay this - you are wrong but we will see.
There was suppose to be a decline in June - no decline - no report on when or if it will happen - we will see!!!
The refinery - cheerleader - full production by this summer - bearly at 30% - I predicted a difficult production rise becuase of the glut of refining capacity and the lack of credibility. Who is right? Well I'm certainly not wrong at this point.
The Cobalt price - cheerleaders - is going to $60/lbs. I figured the price would go back to historical levels. It is there and currently stagnant. If we go into any kind of depression with these high oil prices, it will drop even further - even if hybrid cars sell better.
You said access will not be an issue - several diatribes by Nesbutt on why. His words - will be settled with no issues. The saga continues???
I can go on and on. All you guys do is come to the rescue. Look at the stock - look at what is happening. Look at the general picture -diluted stock, no news, poor management, and no movement. This mine will be lucky of it is going by Year 2009 at the rate thay are moving forward. There is a lot of permitting, metallurgy, construction, rehabilitation, legal issues and battles and then production start-up to occur.
It amazes me that you have faith in the permit coming out in 1st quarter 2006, even though FCO has "not met" 1 deadline in the last couple of years. The only thing this managment seems to want to do is bide for more time by drilling out more reserves to add to the 20 years they alreardy have.
As for Uranium - FCO has a minor stake in 2 long term exploration propeties they may or may not amount to anything.