Fancamp Exploration Ltd V.FNC

Path forward

[miner540]

I believe FNC comes into play when KWG is in play.  The path to controlling KWG is thru FNC.  With the convertible debentures, FNC controls 1/3 of KWG's equity.  A $600M takeover of KWG is $200M to FNC.  That may have been the incentive for the recent private placement and a potential go private transaction before any action on KWG.   Just my random thoughts....

[FromSudbury]

As I've said recently, I do like the KWG deal; for several reasons.  -- FNC is quietly accumulating KWG shares through interest payments  -- at some point, KWG will need to satisfy the $34.5 million loan in shares  -- It's likely KWG will need to extent the loan agreement on terms favorable to FNC; perhaps FNC uses their leverage and negociates a deal for the Magpie special

[Maxmoe]

All predicated on the assumption all shareholders will benefit equally. Usually a safe assumption. Have the maximum freebies been doled out yet? Any more insider PP with wads of warrants at new lows? Last call for side deals ? Then, you might see something unfold. Maybe bolt on a profit bonus plan like Brookfield ? They made billionaires, plural, by taking 20-30% profit off the top, personally

[Aallyy]

Assuming the dubious, the egregious and the smarminess...the makeover of the company right down to the shareholder with the least number of shares is just a sitting duck for whom?  KwG has its own plan to make merry with its dance card, somehow doubt that fancamp is its first choice partner, only if it is to be a "shotgun wedding". What needs doing here, imo is; 1)  find out

[Maxmoe]

find out why the regulators have no interest in reviewing the steps taken by the company allowing the 60M share dilution to take place and concerns which follow; simple answer that's been proven repeatedly and not just with fnc. The bcsc is incompetent, inept, and completely uninterested in performing the functions we all assume they are responsible for. At every opportunity they will

[Aallyy]

Full concurrence Maxmoe but still feel it important to keep the tide low with this group.

[FromSudbury]

We may not agree that the PP was warranted, or that certain (material) information was not provided, or that an investigation was warranted, or that sound business reasons were not provided, but it does appear the PP is a done deal and the authorities were satified that conditions for the PP were met.  Going forward, it will be interesting to see what this money gets used for.  On the

[StockscoutX]

@FromSudbury. Your outlook seems to accept certains things as compromise as long as you wishfully think that the BOD will pull out a rabbit out the hat one day and shareholders value will rise to make everone happy. From what I have seem these last few years, those on the BOD are looking out for number one in my opinion. The shareholder value don't seem to exist in their process thinking. So

[Aallyy]

Well said StockscoutX. 

[Aallyy]

I see where you are coming from Sudbury and under "normal" company business practices would tend to agree. There are so many oddities with the way this company is turning out. If this group was replaced in full, it would become a healthy prospect generator full of opportunities through much better design and operations.   We are stuck with the incumbents who as everyone knows

[Maxmoe]

"I am still curious about why Ferron left the building so to speak.  I presume there is more there than meets the eye." hes not that complicated. Same reason he joined Brutus et al to stab smith in the back. It's always and only about money. His money. He extracted all he could get with Ptx, as his quid pro quo. He balked at putting up his own cash with the latest PP. so

[Aallyy]

Agree with you Maxmoe but still think, hope, sense there is more. Given his regulatory history did he agree with the massive unnecessary 60M share dilution? If it is all about the money why would he want that kind of dilution? Then there is his reputation. I see this massive egregious unnecessary dilution as another way around the Scozinc/EDM plan of arrangement tried and stopped by centurion

[Maxmoe]

He's dumping all his shares. He doesn't care about the dilution. They are personally protected from lawsuits. They are not required to provide any explanation. 

[Maxmoe]

To be clear. Legally required. By statute or regulations. I don't mean ethical or just common business sense. And they are very aware of this. 

[Aallyy]

Except at audit time? The last few years have been murky. There was a delay with year end and management cease trade orders were issued. The composition of the Board is questionable too. How come the Chairman who is President of another company with  close to a six month trading Halt on it can remain as Chairman?  Given all the ESG commentary about, one would think this  kind of