Bullboard - Stock Discussion Forum FOCUS VENTURES LTD. V.FCV

Metals & Mining Industrial Metals & Minerals

"Focus Ventures Ltd is a Canadian-listed exploration company. It is engaged in the acquisition and exploration of mineral properties located primarily in Peru. The company focuses on developing the Bayovar12 sedimentary phosphate project in northern Peru. Focus Ventures operates through two geographic segments namely Canada and Peru."

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TSXV:FCV - Post Discussion

FOCUS VENTURES LTD. > Caesar's report

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Post by wannabeinvestor on Jan 13, 2016 3:04pm

Caesar's report

https://www.caesarsreport.com/blog/focus-ventures-shareholder-letter-is-a-must-read/

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Comment by wayned on Jan 13, 2016 4:37pm

I`m still a little surprised they were that far off the mark on what is still a relatively simple project. When they had at least a year to come up with the study how could it have been so tight for time at the end that they had to leave out information . And how could the capex estimate have been so wildly out of whack ?

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Comment by wannabeinvestor on Jan 14, 2016 4:24am

I have mixed feelings about that as well. Are these guys managing the project at all? I am sure they will revise the economics, but it's way too late for that. Ridgway seems to continue buying. I have added a bit, I will reevaluate if and when I see the updated PFS. We are in the bear market, don't think this stock will double overnight if indeed they succeed ...more

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Comment by wayned on Jan 16, 2016 10:42am

Ridgway bought 367000 shares last week . What are we to make of that ? Surely he asks the same questions we do like where`s the financing coming from. Only he already knows the answers . Maybe the real numbers are much better than`s what`s been published .

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