Comment by
N3tPr0phet on Apr 04, 2023 1:16pm
$50M in the bank is an embellishment. They were virtually tapped, raised $44M, andd immediately used $13M to pay off Auramet. Throw in the Textmont closing and some opex since, and I'd be surprised if it was $30M in reserves.
Comment by
Seahawk001 on Apr 04, 2023 4:26pm
It was possibly you mega that i first caught wind of Fathom, up 123% in one account and 24% in another....thank ya :)
Comment by
megacopper on Apr 05, 2023 8:37am
You are welcome. The best is yet to come for FNI based on my sources. I feel FNI can eventually end up being a significant nickel company similar to CNC. Great geology on their properties with excellent historical nickel values along with high PGE's. Good luck with your investments.
Comment by
N3tPr0phet on Jun 27, 2023 6:53pm
Nothing about this aged well. CNC just released Financial Statements for the same month this comment was made, showing $11M total working capital, in stark contrast to $50M cash claimed here. Not to mention the FS timing. What comes first, feasibility or Selby dropping his drawers and bending over the barrel again for his regularly scheduled Auramet loan? GLTA
Comment by
smallcap1967 on Jun 27, 2023 7:52pm
Do almost all of these properties come from Noble?
Comment by
CravingProfits on Jun 27, 2023 9:52pm
Appapas...and Mark S. Was on the Noble board of directors. If that means anything. ? Glta
Comment by
EndZonefor7 on Jun 27, 2023 10:32pm
Nothing wrong with spin offs. Noble was acting as a project generator and keeps a cut. Many of these companies out there that keep the mining business going that don't have the clout to raise big cash. SHL is another story I'm not familiar with but I thought was cleaning itself up.
Comment by
apapas1973 on Jun 27, 2023 11:15pm
If CNC doesn't buy NOB and SHL and retain those cnc shares then someone else may and instantly gain approx 5% of CNC ownership.
Comment by
EndZonefor7 on Jun 27, 2023 11:28pm
Yes good point apapas. Would not be good to see an outsider control those shares but would be surprised for it to actually happen. Not a fan of CNC taking them out. Too many other properties that need expensive work and we enough on our plate with 18 plus properties.
Comment by
CEOofEPO on Jun 28, 2023 3:40am
Someone's gotta pay for those Cruz interviews
Comment by
EndZonefor7 on Jun 28, 2023 10:34am
Maybe you should short it since you know all the inner workings. FPX will still be a hole in the ground fighting the BC greenies when CNC is producing hundreds of millions of dollars per year.
Comment by
smallcap1967 on Jun 28, 2023 9:38am
Thanks for your answer I appreciate it. Do you know who they bought Textmont from?