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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 > Fortunate Titanic - November 30th Iceberg?
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Post by MoneyMan123456 on Nov 29, 2022 8:26am

Fortunate Titanic - November 30th Iceberg?

The great ship Fortune appears to be dodging icebergs, with a massive one right in its path.  

Luckily, as in titanic, we have a dedicated group of  StockHouse musicians on deck playing a nice tune as the ship sinks.  Picture the scene where the classical musicians are playing while everyone around them panics.  Lol, by tune I mean discussions of "macro" and "waiting" and "gold".

6 times average 30 day trading volume yesterday.  Wonder who is dumping shares?  Interesting to see what today brings for trading volume and SP walkdown.

Does bankrupcty usually happen the day before or the day of when a debt comes due, asking for a friend :)
Comment by Jim1712 on Nov 29, 2022 12:46pm
Maybe more of a Destroyer!  stay tuned.  Jim 
Comment by MoneyMan123456 on Nov 30, 2022 10:35am
Lol, on that point we agree...a destroyer of shareholder value. In all seriousness though, I hope that nobody on this board is too extended on Fortune and won't be too stressed by a bankruptcy.   Take it as an opportunity to see how all the signs were there (e.g no apparent progress, plan or communication) and look to make it back on the next one.
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