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. > excellent shareholder friendly restructuring of the debt

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Post by kimber on Jul 14, 2016 2:07pm

excellent shareholder friendly restructuring of the debt

well done FCV!

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Comment by 18Months on Jul 14, 2016 4:30pm

Agreed Kimber. Refreshing to see moves like this from management teams...gives me hope! This move certainly takes the pressure off mgmt from taking a poor deal to sell or advance the project. You've set yourselves up to take the time needed to shop and get the best value for this project possible...don't accept any low ball offers now that you've come this far! Best of luck ...more

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Comment by 18Months on Jul 14, 2016 4:33pm

And kudos to Sprott Lending for extending the loan this way and this far out! Not that they don't pick up a nice fee but it's worth it and hinges on a successful future for the stock price.

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