Justice and Waxweazle - 1000% spot on - hit the nail on the head.

Peter can shop and acquire - but do nothing else. He definitely is NOT (no pun intended) a business man... Anybody who gets pushed around like him should give it up as a leader. To do a flow thru share financing at BELOW market is a first in my books and shows he has Zero acumen. Doyle at Pope & CO just pushed him around.

Now that he as close to 4 million in the bank with 1/2 to que and ontario - he will drill in january in both places. ROF is freezing and the crews pulled out - January they come back to complete downhole crons testing and then billiken drills DEEP. Quebec is VTEM surveys and then drilling.

Why peter thought that the latest two acquisitions were significant and the market would be impressed is yet again a demonstration of being out of touch.... Fancamp has so many prospects - Magpie - Mt Reed Mt Wright - Norway Lake - Desolate Lake - Uranium - Beauce - (where drilling is on going - almost 14 holes...) - and more that i lost track of and so did peter

We never get a periodic update of what management plans on doing -

If i were Noront - i would take over Fancamp Cheap and then pay for the purchase by selling off all these other properties and monetize the value - certainly peter can't do it-all he does is buy. Not hard to do since management does not have a lock on the shareholdings...ROF should have more respect and resources.

Perhaps now that Mac lost his company and need work - he can focus on FNC - since he is a director.

lets hope for a better 2010

From one frustrated shareholder