Re: My support
in response to
by
posted on
Jan 13, 2021 01:38PM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
We all seem to have short memories at times and forget how much FNC's shareholders have suffered over the years because of Peter's management or mismanagement. He always treated this company like his own, and never cared about the shareholder's interests. Go back and check your old posts...
He paid himself and his cronies well and stopped every attempt at bringing new blood and direction to this company. Fancamp had never seen a plan in the making - any plan be that short or long term. This is why with all the assets that the company has, the market gives it zero value becuz the market lost interest and does not trust Peter, period. The only time that the company's share price had seen a hefty increase was thanks to Noront's discovery at the Ring of Fire, and no thanks to Peter. The 2nd good thing that was done by the company was the Champion deal, and that was the work of Granger - not Peter, and for this Peter felt threatened and Granger got fired. Granger was not the only one who got mistreated, same goes for Lafleur, Fauod, and probably now Sharma...
Ask yourself: Peter already spend over 5M of CIA shares in the last 3 years to do what? Grassroot explorations... what value did it bring to the company or its share: zero. What is the current value of the traded shares: over $25M, go figure...
I don't know much about Mr. Sharma, but definitely supporting Peter to replace him and get someone loyal to Peter to mis/manage the company by doing the same old (in the last 30 years) and then hope for change is not good thinking, to say the least...
We need to serve our own interests as shareholders not that of Peter.
Bat