JP you have hit the nail on the head!! |
JP exactly. Or worse 79th group take them out on the cheap if they find anything or delist and take private. |
Spot on a "fool" |
I absolutely hate the 79G proposal because they could dilute LTHs to zero. I would rather put FCM into hibernation & concentrate on one project until markets recover or there's a plan to dual list in US or Canada & raise. Marc Sale is not CEO material & his lack of financial management is obvious to all. |
Sale is nothing but a freeloading fool
Is he now deliberately withholding market sensitive info .. |
PALM have had very few equity raises whereas FCM went for debt which is bonkers because the next raise has to pay off the debt whereas any sane investor wants a raise to fund growth which is only partially true of the current proposal. Feels like a credit card debt transfer situation. |
That's rubbish Dorset my very first post to you was quite the opposite.
To look forward and ignore the past is folly. You have to do both to be aware if inherent failings.
But as I said before at least 79th grp will hold their feet to the fire.
I am invested in both. |
Point I'm making soulsauce is that your every post is about the past, you never look forward. Investing is about (trying to) making money which you can only do in the future. Palm have very many dilutions to come whereas FCM do not, and for me FCM are far more a safe bet than Palm because of this allegiance. You would have to admit that if you were about to invest in one or the other, FCM going forward is far safer than Palm. |
Yet.
It's easy to look to the future when you are in at a similar price today but you should not disregard the grievances of those that have been washed out and bent over by recklessness in the face of a dire market.
There is room for both bulls and bears without resorting to dismissive posts of those burnt here.
If people don't like what is being said then put them on the filter. |
 The big difference is FCM have now a funders to take them through to production, Palm does not.Palm will have to go back to market just to stay alive/explore many many times before they get anywhere near to having the funds to construct the site in to a producing one.Whereas FCM now have the backers in place, cash rich, world renowned, a huge company that instead of just looking at the next assay drill results, can now with the right results look forward to building a mine in to construction.For Palm to get to that point they will have been diluted many many times and who knows, they may not even get those funds in these markets other than to keep the lights on. IMO right now FCM are way ahead of Palm and by far the safer investment given they already have a large backer, Palm does not.So your continual comparisons of the past is just that, in the past as going forward, FCM withheld right assay results will be looking to design & build their mines whilst Palm will be looking for their next fundraise just to drill the next set of holes. Look to the future not complain about the past. |
The big difference is Palm only has 4.2m shares in issue (approx 105m prior to consolidation).
They have been in operation much longer than Fcm and have managed to keep a lid on blowing out the share register.
Meanwhile just remind me where Fcm started when listing and how many shares are in issue now? |
Soulsauce I get what you are saying but I expect Panther now also have very little funds, what do they do next raise of course and then raise more.
Panther havent concentrated on one asset either.
Lets have this convo again after Panther next raise.
It is tricky but I prefer 49% of something that could likely be a lot bigger than a larger percentage of something that is ever dwindling. |
johnboy as I keep saying, how come Palm have managed to do it and keep their share issue to a minimum.
It was reckless to spread it so thinly and not concentrate on one project instead of multiple.
You don't need to have burnt through tens of millions in a market like this where money has dried up unless you are willing to have your pants down.
You don't have to agree with me but putting yourself in a position where you have little alternative than to give away 51% of the company is reckless. |
They have hardly had tens of millions soulsauce, if you don't spend you don't have any results.
From memory a lot of the expenditure had to occur to keep the early stage permits in good standing.
Tell me which spend was reckless? |
hazl it is the sector predominantly but these guys have not helped themselves and been more than a tad reckless with the funds.
They knew how hard it was to raise last time and the time before that and the damage dilution was doing to the share price and they blew through the money. |
It is the SECTOR that has been affected and brought EACH company down.
These companies most important mission is to stay alive.
The prudent will do what ever they can rather than go under.
Sectors rotate.
I listened to an interesting interview on financial sense, which maintains that commodities like these, will be in demand again, and I can believe it.
The difficult thing to ascertain, is WHEN.
It must be worse for the companies themselves.
I believe that if you have a few here and there, it might pay off.
It might not we each of us have to make our own minds up.
I think blame though is never productive.
We bought them for a reason.
Perhaps the best is yet to come?
DYOR
IMO |
Do we still have the full block to the west? |
gimme, what news was this to the west, I have never seen reports of further mineralisation to the West of West Pickle Lake on FCMs land. Just curious, please point me to that news release. This is interesting. |
Doesn’t matter we had the full block west which showed positive signs of further mineralisation!! Copper & Nickle sulphides at some of the highest grades seen globally!! The path which seems to have been taken has taken us to 1.7p sadly!! |
Is that the project FCM hold 20% aren’t operators and the operators not been near for 18 months?
Nickel not floating any boats high at this time. Even worse than lithium stocks wise.
Wouldn’t be a path I would advocate. |
We already found massive Nickle copper sulphides on the West Pickle Lake area 🤣 |
When you find yours let’s have a grown up chat. |
A bit like you…… |
Gimmeabraincell.
They had the big four core projects of which they had been incubating.
All these small companies have projects that are generally early stage.
The gamble is they may find something.
Or not.
Which bit of that do you not comprehend?
It’s quite simple. |
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