Fortune Minerals Ltd FTMDF

Business As Usual

[Lotten]

Then shareholders are thrown into ignorance once again. It is no longer than a little over a month since Fortune reported that they had entered  into an amended option agreement with JFSL to acquire its 77-acre site and 42,000 square feet of serviced shops and buildings located in Lamont County Alberta where the Company plans to construct and operate the Alberta Refinery.

And now this. It is remarkable how this company treats its shareholders. And I'm sorry to say it is not the first time. Over 25 years, and no shareholders values created. And how many years still to wait?

I think you should all think about who will inherit your shares. They might be the happy ones. :-)

This ship needs another captain.

[Yellowknifer69]

Hello and Happy Canada Day / Fourth of July to all Bottom line is FT still needs a sizeable investment and commitment from an equity partner.   This news is not really a surprise but should not be construed as doom and gloom for long term investors.  The negotiations continue and we will keep waiting. Yellowknifer

[Lotten]

Of 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