Is this true?

Geofan - Member since October 20th, 2012.

Striking - the timing of events and your presence.

WW

Hello All,

This message will not have any hard substance other than the fact that I will be supporting the new slate of directors and yellow proxy. Over the last while there has been considerable banter about who to support and why. I've been around for a while - see my history - so this is not some pumper or dumper like others that have become apparent recently. I've tried to see both sides of the debate.

So far the performance of FNC is dismal (forget comparisons to other companies - it is what it is). In exploration companies like this, the BoD is really the only thing we can trust in as shareholders. What is the BoD supposed to do? I would argue that the BoD has the fiduciary responsibility to create and conserve value for shareholders in times of opportunity and uncertainty, respectively. The most readily accessible measure of value, but perhaps not most reflective, is market capitalization.

Has the current FNC BoD been given a chance at creating value for shareholders? Has the current FNC BoD maintained value during relative uncertainty?

In an objective sense I think we can say that the BoD has had ample opportunity to create value as they have been in place since inception and have had as many opportunities that have been made available to them (whether through pro-active or passive actions). So from this perspective it is clear that they have failed shareholders.

They also fail on maintaining value during uncertain times. One could argue that many companies are suffering in terms of market capitalization - but I counter that these other companies are failing too (and may have pending BoD changes - but I digress). I would also question why we would want to find comfort in other companies lacklustre financial performance. Do we not want to outperform other companies? Shouldn't we be asking how FNC could become an outperformer? I do not think a BoD that is satisfied with the status quo is actually carrying out their fiduciary responsibility.

To paraphrase Aristotle - Excellence can be what you repeatedly do - and I add that so can failure. In the case of the FNC BoD, I do not think there is any change in market capitalization that demonstrates success. So FNC BoD definitely has not sought out excellence - nor attempted to repeat it. The only failure that I can factually cite without conjecture is the diminishment of market capitalization. In this regard - they have repeatedly failed and continue to do so.

In all forms of leadership, you need to have the trust of those that follow. We see it in politics, sports, and closer to home - mining exploration companies. Lose the trust - for reasons that may be in your control or outerworldly - and you lose the opportuity to be a leader. And that is what it is - an opportunity - a privelage - it is not a right.

The current BoD has lost my trust for failing to maintain and increase market capitalization. The sorry truth is that WE as shareholders are limited in our ability to incite change, with the ability to select alternate BoDs rarely afforded to us. Pass up on this opportunity and let the poor track record continue to speak loudly - and importantly recognize that any future failure must also then be borne on your shoulders.

WW

Hello Friends,

It's been a while since I've said anything - because I've pretty much let my holdings sit - waiting for the good times.

I therefore have been casual at best in watching how NOT has been doing.

Has anyone else noticed that our slow and steady rise from lows is the first time this has happened in 5 years (and maybe more) for this stock?

For those technical analysts - or Black Swan observers - is this something we should be stand up and take notice of? I know I have.

WW

Hello All,

I appreciate the much improved website. Who designed the site? It would be nice to contact them and suggest that a share structure/outstanding shares and a real-time quote system be implemented. As it currently stands, anyone interested in the company has to find that information somewhere else. I think this is crucial information for individuals that may be interested in the company.

WW

Hello All,

I've been interested in the prospect of the Magpie IPO.

In the recent MD&A, Fancamp mentions that the IPO would be performed "by year end", which I assume is 2011.

On the new website, a welcome change, the Magpie heading mentions a planned IPO in Spring 2012.

This means we have to wait another quarter for a realization of some profits from the Magpie Spinoff?

Personally I was hoping Fancamp could split things up quicker, to avoid the potential for a fire-sale takeover price. By splitting up, an interesting company would need to take over two distinct entities.

Is there any concrete date for the IPO? Or do we just wait - more.....

WW

To All,

It's been sometime since we last spoke. I have been lost for words I suppose over the last years destruction of our little company. Since I've been absent, has the following been posted?

http://www.youtube.com/user/premierofontario#p/u/6/7wkjwn7X5dE

At 5:15 - Dalton says RoF will happen. Southerners just don't know about it.....

I no longer live in Ontario, but the word on the street is the Liberals are going to be out. Will the Conservatives take the RoF as their own baby too? Is it a win-win regardless of the political landscape in the Fall and 2012?

The ducks are lined up - I was hoping for a nice return on this investment - just a little more patience?

All the best,

WW