Fancamp Exploration

Highly prospective exploration company McFauld's Lake: very significant Nickel & Chromite mineralization - Magpie Property: World class Titaniferous Magnetite deposit.
Peter Smith
almost 12 years ago
3
in response to rago1's message

Lethalgal,

Is it too much to expect that management would have the foresight and vision to use funds from previous financings to take them to a point where they could sell a non-core asset, strike a deal with an off-take partner, or maybe sell a million shares of RGX once the restricition has come off in order to sustain capital and stop resorting to diluting this company and decreasing shareholder value. They have numerous assets and ample time to make this happen. But this is the norm for Peter and co.... just the typical sloppy strategy of mangement with no plan of action or vision and definitley no ability to execute, that much has been proven.

This is on them...and there's no excuses for diluting the company at this rate.

Eudai

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Eudaimonia
City
Rank
Vice President
Activity Points
1243
Rating
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Date Joined
06/01/2008
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Fancamp Exploration
Symbol
FNC
Exchange
TSX-V
Shares
151,567,752 FD 8/26/2013
Industry
Metals & Minerals
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