Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > How chilly relations are playing out for Canada’s miners
View:
Post by Allman on Aug 07, 2023 10:47am

How chilly relations are playing out for Canada’s miners

... Three key stories have characterized the first half of the year. Firstly, Canadian businesses are seeing the effects of the new investment restrictions the government implemented last year, requiring ministerial approval on Chinese investments in the Canadian mining sector. Alongside these new restrictions on inbound Chinese investment, Canada’s traditional allies have been courting Canada as they look to “friend-shore” their supply chains and diversify away from China. Finally, the underwhelming economic rebound following China’s reopening has reduced the Chinese import of metals writ large. These political and economic trends have changed the investors available to Canadian miners and softened demand in the world’s biggest metal consumption market. ...
The first half of the year also saw an increase in mining engagement from Canada’s strategic allies, decreasing China’s relative importance in Canada’s trading portfolio. G7 governments collaborated to decentre China from critical mineral supply chains, and launch new collaborations between Canada and its strategic allies. While this indicates a positive trend for Canadian miners in key areas, these discussions have not yet transformed into hard financing commitments or mobilization of capital. ...
the Canadian federal government and Volkswagen recently committed to building a $20-billion battery plant in St. Thomas, Ont., with Volkswagen planning to source materials from local Canadian miners, though no formal deals have been announced yet.
The Canadian government is likely hoping that the funding gap resulting from a withdrawal of Chinese capital can meaningfully be filled by allied countries and their firms looking to secure access to critical minerals. ...
In the second half of 2023, Canadian miners should watch for several key landmarks, including significant investments by automakers into Canada’s mining sector, and a rebound in Chinese domestic industry. Moreover, miners should increasingly pay attention to whether escalating Sino-Western spats spiral into new restrictive policies, like the Chinese export mineral controls on critical minerals gallium and germanium that began on Aug 1. 


https://www.northernminer.com/precious-metals/how-chilly-relations-with-china-are-playing-out-for-canadas-miners/1003857515/
Comment by red on Aug 08, 2023 7:54am
Significant yes....but fruitful for FT no ....and certainly not in the last two years that we been reading about this stuff and hearing about talks and engagements etc underway....few if any even mention even our name.....we may be some hidden national security consideration....otherwise not making sense for a deposit that has it all and is ready to go. gonna be a flip of a switch ...boom or bang ...more  
Comment by AbuBaba on Aug 09, 2023 3:46pm
Boom or bang? When this POS drops to 1 cent or less, the bagholders can even out their underwater portfolios at the price that the useless senior management got a few weeks ago in the deal with Lascaux. Senior management can sell their holdings on the way down.... Boom and bang.  
Comment by geolith on Aug 09, 2023 9:33pm
Any idea how many shares insiders have sold lately?
Comment by Marketbeat on Aug 09, 2023 10:35pm
Look like 0 as per insider filings 
Comment by geolith on Aug 10, 2023 9:36am
But Abu intimated that senior management might be selling shares.  Perhaps he was wrong, frustrated, suggesting management was up to no good (libel).  Perhaps one feels immune to prosecution if they use an alias on a chatroom. 
Comment by AbuBaba on Aug 11, 2023 6:20pm
I did not. There is barely any volume in these shares as anyone can easily verify. A chatroom is obviously not the place for mordancy. The point remains that this stock is not doing well yet, with so little corporate communication, we shareholders are left to our own devices and consolation. Posts about potential applications of bismuth, etc., that are common here seem extraneous when, to take ...more  
Comment by red on Aug 12, 2023 8:09am
Cant argue that ! But we also know that the FS comes with money....and that has not shown up yet, in so far as being on our own devices ? 100 % right  wing and a prayer ....we wait