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Bullboard - Stock Discussion Forum Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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... see more

TSX:FT - Post Discussion

Fortune Minerals Ltd > 1 Billion shares?
View:
Post by Freedom2022 on May 19, 2022 9:41am

1 Billion shares?

Easy to give out options when they will be 1/10th of the origonal amount when financing Hits!   lol  just kidding ,, i just dont see FT giving a hoot about small shareholders,, staying strong , bitting my nails till Our! reality Hits, can we chug along with over 1 Billion total shares?     does that ever happen to JRs?  or is the trend to Concol and start over with new small investers?     stats guys?  i hope they can just have the debt extended and dealt with when a partner comes on.     cheers!
Comment by red on May 19, 2022 11:03am
As disappointed as I am with lack of mgt comment on a raft of matters and news of specific progress.... it may also be a good sign of caring for shareholders?  If your ( FT) waiting on everyone else on so many fronts to make a decision so that you ( (FT) can actually tell us something with some meat and potato's news, it might be a good thing.  Anyone care to frame the next news ...more  
Comment by geolith on May 19, 2022 11:35am
You can usually recognize novice investors when they bring out comments about: a. Dilution.  Did you really think that they were fully financed and profitable when you bought?  Didn't you know that they MUST raise more money to continue. b. Payment to .... anyone.  No one works for free.  Options, while supposed to incentivise management are typically used in stead of ...more  
Comment by Yellowknifer69 on May 19, 2022 12:21pm
Hello and good afternoon Longs: Great post Geo!  with a healthy dose of sage advice.  A big thumbs up for this one!  Yellowknifer
Comment by Wallyneptune on May 22, 2022 8:35am
Goober my crystal ball tells me it's going to take a lot of baby steps to get us to the promised land & a RS  50 to 1 and with a lot of debt coming due in July & August something needs to happen verry soon ! The one thing I know for sure is RG is running out of rabbits to pull out of his hat.You might want to attend the AGM this year since you live so close by and ask our CEO some ...more  
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