It serves no purpose to bash each other on this board... we are all in it to make money.
I agree with Eudomania that Peter after 25 years has done Zippo for us retail folk to capitalize on the wealth of assets and nothing is going to change that anytime soon.
thank our lucky stars for Granger and his abilities to wheel / deal and move things forward.
Quesiton is - are we too late?
are we going to get taken out by hostile bid?
realize one thing - Peter has NO NO NO say in the outcome - he diluted fnc to the point that Mineral Fields - 25% (plus 5% to friendly hands earlier ) Plus who knows what other friends they have.
Passive investor - my foot! -
Big ?? overhangs our destiny... until we know more about who they really are. If they were for mgmt etc.. then a shareholders' agreement would be in order.... but like any other investor... money talks and all options open.
champion wanted fnc 17.5% and wanted Lamalee. they made another offer to fnc for fermont - turned down!
they offered Pat + fnc to buy lamalee .... that did not happen and in fact granger was smart enough to offer Pat who is a seller of everything - same terms for lamalee that chm offered.
champion produced a huge 30M budget for exploration thinking to scare fnc into selling because they can't raise the 6M + - well if the financing closes with secucor - then that threat is gone.
so champion is no friend
who is really doing the current financing - is mf and securcor in bed together... is there some "other" plan we don't know about.
Magpie - potentially worth a lot of money and ZERO value shown in price of fnc
I am worried that we see a lousy market and then a bid of 1 buck or even 1.50 - most people take the quick cash and we win but lose big time.
was this not what happened to freewest?
time will tell... but one thing is certain - Peter is irrelevant to the outcome - he is just a pain wasting valuable money on ROF - Quebec (geotech - so dumb so dumb - and useless - AT THIS stage - timing is everything and Peters' is lousy)
So many balls in the air... but i think we are running out of race track.
Happy St Patty's Day !!