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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

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Post by enddaytrador on Jan 16, 2024 12:11pm

Why?

Its more than obvious that someone wants to keep the stock low, everytime someone invests, someone sells.  Is it profit taking or a deturrent to invest into this stock.  It has been happening to most of the mining stocks in the north.  Can someone add anything to this?  Thanks and GLTA
Comment by Tuckerthefox on Jan 16, 2024 12:19pm
I think it is because ft is in a rolling stock mode. .04 to .045 to .04 many times a day. If they can buy at .04 and sell at .045 that's 20 percent each trade. However the volume is very low so their profit won't be much. Pain in the butt if you ask me. TTF
Comment by enddaytrador on Jan 16, 2024 12:23pm
Thanks Tucker, I'm sticking with it!!!!
Comment by Baserunner on Jan 16, 2024 12:59pm
Got to remember the carring tax loss forward is worth a lot more then current share price! This is a long term play! With a takeout  l believe to be above .25! RG l believe is trying very hard to move this thing along! He and the pointed heads are putting  Alberta together with government backing and help from RT. It takes time! But the investment  Community needs to weak up ...more  
Comment by vega509 on Jan 16, 2024 12:20pm
perhaps it is the other way round, every time someone tries to boost the stock price, reality sets in and FT's real woth is again realized.
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