PhosCan Chemical Corp PCCLF

Cash is King

[allinenergy2]

Unfortunately with no direction or solid business/project to show future potential, the $0.35 per share of cash just won't cut it in my opinion.  Don't know how accurate this is as I've only just taken a quick look here.

Anyone know why it's taking so long to get some good use from the cash in the bank besides investing and the buy back plan?  

Buying back its own shares isn't going to increase shareholder value as much as a valid business plan while holding so much cash.  Good luck to all invested.

[specboy2011]

Cash is 36 cents a share.Mr Case is a very patient man investors are impatient......You are correct a valid business planis the only way for shareholders to hit a home run here......60 million bucks will help...Be nice to see a play in Uranium,Natty,or "ANYTHING" soon......

[allinenergy2]

Patience is a virtue they say. Hopefully Mr. Case uses that cash to get the best bang for the buck.  Not sure where to invest it, but maybe a non-cyclical industry, or one that is projected to grow in the coming years/decades. Resource plays are best to get in when they're at or near the bottom.  I would hate to put money in, and then realize that I'm late to the party, in my

[mudguy]

The chart actually looks pretty good too.  An uptrend in place.

[specboy2011]

In a fairly recent conversation he did say he doubted they would be getting into a junior type mining play...Golds metals etc was my understanding.That could be good or bad.Junior mining of late has been decimated and even great discoveries go unnoticed.At some point maybe that speculation will return to the space.I believe he is on the right track to establish something big for FOS.in the

[allinenergy2]

With that kind of coin, they should seriously take a look at the MMJ industry.  It's real, and it's up for grabs at the moment.  Take advantage of the moment, before it 'goes up in smoke'. Just a thought.  

[specboy2011]

Yes there are hot stocks running "hig" right now.,Heck just the mention of a 60 million cashbox shell like FOS getting into it would triple the price here.but can't see it ending that way here.....Pretty sure this flash in the pan on pot stocks ends badly and soon.