Fossil's Profile
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But how do u pick up Smith's slack?
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Hi Tony T......................What you see as Smith's slack I see Peter having long term plan.
Executing it is not easy in the investment environment facing most if not all Junior
Resource Companies in the last ten years. You & I like most retail investors like instant
gratification. We might just have to wait for Corpulent Lady to sing,
GLTY and all,
Fossil
FNC is in enviable position having more than one iron in the fire.
They can feed of each other and doing so pick up the slack.
GLTA,
Fossil
Short Volume
As Of
149,000
15/Jan/2017
200
15/Sep/2016
GLTA,
Fossil
Hi fishercat....................I fully understand your feeling even not having answers for you
other than doing what some did IE average down ( respected posterLuker comes to mind)
Hope he will not mind me bringing his name up.
Fact is that in the last ten years or so whole Junior Resource scene is strewn with small retail
sporting sustantial losses. NOT,BOL, KWG, and FNC etc. The list is endless.
Lets hope that going forward all of us experience more pleasant investing .
That is mine New Year wish for you and all
GLTA,
Fossil
Activity in CIA lately seems to me to suggest optimistic view by investors regarding
Bloom Lake. If I remember correctly CLF paid some 5 Billion for it right at the top of
business cycle. That is most likely what sunk it. Again, guessing, CIA paid some 25 Mill.
for Bloom Lake operations.If economy improves and demand for iron raises prices CIA
would be in position to revive operations. At that point CIA might become extremely
attractive to big guys, one being in the neighbourhood.
Have no inkling what amount they would be willing to pay for CIA, but in my
uninformed opinion I guess that $ 3.00 a share would be reasonable.
That in turn would make FNCs stake in CIA worth about $ 35,000,000.
Even if only a portion of that amount trickles to FNCs share price we could be
looking at $ 0.20+ per share exclusive of all other assets. Since FNC sat at the low
of 2 cents for months on end, 20 cents per share would make it ten bagger.
FNC did actually make an intraday low of 1.5 cents.
Pipe dream or distinct possibility..........................You decide.
GLTA,
Fossil