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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 > anyone buying?
View:
Post by Freedom2022 on Sep 08, 2023 9:25am

anyone buying?

Any long time Big hitters brave enough to Buy at these levels?  normally i would be avg down at these prices,, but  the lack of info from FT is holding me back,, how about you guys Jim Geo Red Allman,, anywone?   lol  cheers!
Comment by ToadyToadman on Sep 08, 2023 9:49am
I am waiting for a bit of a pop. if this can get back up to 0.04-0.05 I will take the loss and sell. My position is not big but I have been in this one for a long while and the writing is on the wall for all to see. There will be no improvement for the SP unless consolidation and financing happens (brutal for current shareholders) or buyout for pennies on the dollar. Regardless of SP I want to ...more  
Comment by hounddog69 on Sep 08, 2023 10:14am
Is there any hope for the canadian critical minerals strategy to pull through here? There was a ton of hype and now crickets. 
Comment by Allman on Sep 08, 2023 12:11pm
I'd say hope remains, but it seems the strategy's funding mechanism, i.e. the Canada Grow Fund (CGF) is off to a slow roll-out given its first principal criteria is Speed: CGF must be stood up quickly in order to keep pace with other jurisdictions— especially the U.S.—and contribute as soon as possible to achieving Canada’s ambitious 2030 emissions reduction targets. Time is of the ...more  
Comment by red on Sep 11, 2023 8:00am
No shortage of hope on this BB, we have nothing else to work with ....so not only do we wait ...we hope lol - take care all things in YK appear good....
Comment by Jim1712 on Sep 11, 2023 6:10pm
Hope is good.   Congrats on your return.   Let the games begin. Anytime....... JIM 
Comment by Allman on Sep 11, 2023 6:53pm
If FT is planning on leveraging the Canada Growth Fund, IMO there's a very good chance something will materialize with this fund, but unlikely it will happen tomorrow, and unless this or some other government or industry funding arrangement is seized later this year, they'll need to bridge the gap. Came across this August article indicating that an executive from within PSP was recently ...more  
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