Fortune Minerals Ltd T.FT

Property purchase Option Extended to Nov 2025

[Tuckerthefox]

Well at least they have total flexibility to purchase, or decline, for whatever deal they work out with the potential Partner/ purchaser who may not require a refinery site. However any Alberta funds would hinge on a purchase I would think.

We have someone very big looking at this otherwise the land purchase would be done. Maybe someone waiting on test results from SGS.

TTF

[red]

Not sure where we are getting an additional 100 k per month as i doubt it fits as an legit expense in the current grant funding agreements - must be more to this ? 

[Yellowknifer69]

Hello and good morning FT Longs I agree with you on that front Red.  The government loans are both reimburseable upon submission of receipts for services purchased.  I suspect that another loan vehicle annoucement is coming.  My only other observation is that the purchase price for property seems to have increased from $5 to 6 million dollars?  Why?   I like that we

[Jim1712]

Likely from the Lind convertible debt.   JIM 

[red]

Jom, May very well be but then again " that's the rest of the story " which we know notihing about from our mgt team. 

[ztransforms173]

- the HIRING of the CHEMICAL ENGINEER is the BIG POSITIVE STORY - the JFSL property option EXTENSION is SHADOW BOXING and it is COSTING US MORE TO PLAY - overall, we are DEFINITELY MOVING FORWARD z173

[ztransforms173]

- AS FAR as I CAN TELL, the $ 100,000.00 PAYMENT PER MONTH to MAINTAIN the JFSL OPTION WAS THE STICKING POINT which is WHY the OPTION AGREEMENT GOT DELAYED - the INCREASED SALES PRICE was 'EXPECTED' since TWO YEARS HAVE PASSED since the ORIGINAL JFSL Purchase Agreement was SIGNED z173

[Allman]

Pay in full now $5.5 mil with borrowed money at say 9% interest or pay $6 mil a year from now in full at 9% more - pretty much 6 or one half dozen of the other.