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Fortune Minerals Limited (FT.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.1400-0.0050 (-3.45%)
At close: 02:05PM EST
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  • B
    Brian
    Gotta start somewhere ,, the fact that kenney alta premier even mention it shows support for the project,, yes many hurdles, but in this current political environment globally , our project along with Electra Battery materials , makes sense now with EV/Green Energy coming online ,, like it or not FTs timeline for production isnt till 2025 ish in that range,, We have $15 million coming due this year and we need to come up with $5.5 million to buy Refinery , so yes! Fortune has Huge hurdles to climb,, at least there "starting the ascending of the Mountain " where up until now we weren't sure of our future. cheers! 15 year plus shareholder,,
  • B
    Brian
    This should start the dominos to fall,, much better outlook now!
  • s
    steve
    News out- refinery announcement
    Bullish
  • B
    Brian
    Hmm,, FT has been stagnant, it is at its bottom and has been for years now, with little interest shown FTs way. little positive vibe on my end. cheers!
  • s
    steve
    Well folks place your bets- drilling results next …
    Bullish
  • B
    Brian
    A little reality for the board,, lol Been with "Mr Goad" for over 15 years now,,im not expecting any significant announcement till summer , if he can pull it off,,i have little faith,, stay tuned! but don't hang on every day like some amazing deal will be announced,, Fortune just doesn't roll that way,, always painful,, cheers!
  • T
    ThemBeanz
    Its nice to see that FT had been holding a solid share price lately, with increased volatility in the market.
    Bullish
  • R
    Rac19
    Finally… some news
  • B
    Brad
    The President of Fortune Minerals is quoted in the media as saying they will announce an update on its refinery in Alberta or Saskatchawan sometime this week or next.
  • s
    steve
    Hopefully we hear news soon folks. Staying long
    Bullish
  • T
    ThemBeanz
    From the GNWT website:

    The evaluation committee has completed the final selection of projects to be funded. Successful applicants awarded $100,000 for their advanced exploration proposals are:

    Fortune Minerals Limited (gold, bismuth, cobalt, copper);

    and so on.

    Perhaps a bigger drilling program coming up. 2 stage results?
    Bullish
  • s
    steve
    Maybe something good is coming. Maybe the government will support some project in the nwt… maybe
    Bullish
  • s
    steve
    Good technicals- somethings coming
    Bullish
  • s
    sly
    Mostly a cobalt play and we know the price of that. Plus cobalt is being eliminated if favour of nickel lithium batteries. I believe that is what is holding this stock back?
  • J
    JeffreyB
    From a Pro/Con analysis...
    Pro
    1) Permitted/Feasible/Environmental issues all good.
    2) 4 metal play...which helps with individual price fluctuations.
    3) More Drilling
    4) Access Road near completion
    5) Rising commodity prices expected.
    6) Mine producing
    7) Lack of competition(ie new mines are increasing hard to fund/permit)
    8) location in North America a plus.
    Cons

    1) Partner needed to offset refinery costs.
    2) Cash Burn
    3) Flat stock price with 30M Market Cap.

    This has huge upside with metal prices (and demand) increasing. A partner makes this a slam dunk...and should multiply the stock price. The share price is very low meaning you can buy thousands of shares for relatively low price. Given the mine is functioning/ producing...makes it attractive. I would never go all in on something like this...but the wow is worth taking a small bite in my opinion.
  • C
    Chris 111
    some dilution, but at least it was at .14 (not with warrants and not .10)
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