"Fe with significant large tonnage potential. Champion and Fancamp Exploration Ltd. (TSX-V:FNC) are currently in an 82.5% / 17.5% joint venture on the Fermont Property."

spoken to the champion people yesterday in vancouver. they are in the middle of a 30 mill pp which is oversubscribed and probably end up in the 35 mill range. most likely between 15/20 mill will be spent on further drilling of the fermont property.

smith as a 17,5% partner needs to come up with his part of the money.don't know of this is 17,5% of 20 mill. could be more-depending on contracts.

champion management sounded like they are not really a fan of smith, nor by the way john kaiser who was sick of the smith/sheridan connection.

since i invested in this stock, smith, by the money he attracked diluted his company by almost 20 mill extra shares, and didn't hit anything. that money wasn't enough for one proper and succesful drill program, only paying for the office costs.

now he is allowing extyra dilution for 3000mtr of drilling only in the mcfaulds where a hole at least has to go to a real depth of 800 mtr and deeper to have a chance to even hit.

the metalurgic testing finally done on magpie now, took him over a year and the testing papers have been in the deepest drawer smith could find for all that time. while he was sitting behind his desk picking up the phone talking to his favorite hareholders telling fairytales left and right while sheridan was in reality calling the ugly shots from the dark.

sheridan sold his percentage in champion by the way.

it is about time shareholders in this stock here stand up against this lousy management and start collectively demanding for real action that does something for the shareprice instead of further diluting helping business friends in on cheap shares.

sick and tired of this freak show. cheers roos.