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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 > simple question /Drill
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Post by Freedom2022 on Aug 05, 2022 5:05pm

simple question /Drill

Well , lets see ,, whats your avg price ?   mines 30 cents ,, lets just say for argument sakes they do a 10-1 split  then i need $!.50 min to break even ,,, Now lets say we get bought out at $1.50 ,, could happen ,, then i barley make any profit after over 15 years !    so i think i can ask a simple question like why not drill if we are in such a Fantastic position with banks and partners?       i will post when i feel like it ,,, Red Your not a spokes person for this or any board ,, cheers!
Comment by MelodicHysteria on Aug 06, 2022 2:41am
I dont comment much, but while I understand your sentiment, you did a fundamental error in investing. Specifically, the indefinite holding.  I also got in relatively high, but my average purchase is now around 8-11 cents. Holding forever doesnt imply being blind forever. While I do/did have "on paper losses" because I am "holding" until this is done, I have more stocks ...more  
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