Post by
Lotten on Dec 02, 2022 3:22am
My Thoughts
I register that some of you consider the latest press release almost as good news. Sure it's better than bankrupt, but nothing more.
Our investments are now less worth. Instead of creating values for shareholders (most of them), the management are decreasing our values by dilution. So we pays, and some of us calls it good news.
That said I'm perfectly aware of investing in mining juniors means dilutions. And we're not finished yet. More is to come. A lot more, combined with share consolidation.
If we don't get some fundamental news in the near future I'm afraid the share price will continue to drop. I won't be surprised if we can pick up shares below five cents at some time. The good news is that it gives us an opportunity to reduce the impact of dilutions.
My opinion.
Have a nice weekend!
Comment by
parahyangam on Dec 02, 2022 5:44am
Hi Lottie: I hear you. If I planned to destroy a company's credibility and assets I definitely would hire these guys. Did you ever go to Ouray and speak with the locals about that silver mine? I raise this because that single bone stupid action has destroyed Fortune.
Comment by
Jim1712 on Dec 02, 2022 8:05am
Jervois has 1.5 billion shares outstanding. If we can get their market cap I could care less how many shares are outstanding. gotta do what yah gotta do while we wait for some type of project financing. Jim
Comment by
red on Dec 02, 2022 8:14am
RG just ... somewhat .. got rid of a noose around our neck..... any potential investment partner would have wanted to see that solution ... it's done so next step is .... and are potential investors satisfied ? And with that and how do they react ? Was it a condition in order for other things to kick in ? we wait
Comment by
Lotten on Dec 02, 2022 8:58am
And who put that noose around our neck? I think there could be a lot of reasons why potensial investors finds it hard to invest in FT, but after 25-30 years without almost nothing of shareholder value created I think it is time to be more critical.
Comment by
red on Dec 02, 2022 9:37am
I am not disagreeing with that and hanging on to my thinking and trying to be positive where possible ... being critical is so easy and gets us nowhere either ... .... this board is an expression of person opinion and thought .... not fact .... to each his own ...and no doubt I have leaned a few things over many years here.
Comment by
Lotten on Dec 02, 2022 10:01am
Got it red. Nothing personal. Just a different angle of approach. I'm still of the opinion that you are one of the most significant contributors to this forum.