Sounds good Rago! Thanks for expanding on your thoughts. You're right on about the advantage of not having to make cash calls anymore. It is exciting the new direction FNC is taking and i'm trying to adjust my mindset for a delayed timeline of when to expect the big payoff...probably circa 2015 unless other discoveries are made prior.
In order to maximize shareholder return, my main concern is protecting the float. I don't see what the deal is with Lac Lamalee, however. Unless we sell it I guess but I'd like to know the strategy for this property. A common strategy for companies on the cusp of having internal revenue is to wait before incurring additional exploration. I know we are a few years way from that advantage, but nonetheless, the company should be very prudent and operate on a minimal basis in my opinion and wait for the cash flow and become self-funding. It can be done... Peter did it for soooo many years when he seemed very cognisant of the share float (which is what gained my respect for him in the first place). Anyways, I will run this by him to share my thought. I would like him to return to that approach and ease up on the financings.
The other thing i'm curious about and need to look at are the NSR's w Champion, and Argex. Is there one with Magpie?
And for the chatter that took place recently about the website - I 100% agree. That is one example of how Management can display their professionalism, showcase this company, and demonstrate their pride with this company. So I hope they direct some attentionn to cleaning it up, and getting it up to industry standard. I'll also join the chorus to letting Mgt know they can do more on that front.
Hope you are having a great long weekend!
Best,
Eudai