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Alias Born 11/17/2014

Re: None

Tuesday, 02/14/2017 1:02:43 PM

Tuesday, February 14, 2017 1:02:43 PM

Post# of 72901
RJB is a fair poster. The company isn't doing anyone any favours though, you have to admit it. They have sent you all nothing in the way of any Public Notices in over two years. You say a Rising Tide floats all ships, but only those without a big hole in the structure.

To be realistic, FLPC hasn't the resources to Mine properly, even with a JV because one needs to prove that Fencemaker has enough 'Stuff' in to attract potential Join Venture Company's. Once they look into the Mine, they will see that it was heavily Mined twice, and not so long ago. It would be a horrendously costly exercise to expect someone to come in and spend tens of $1000 to decide whether it was worth it. For a start, they need to point them into the direction of the 1000 Tonnes of Ore which will give them some idea of the potential by assaying the Ore for themselves. When and if that's done, they will decide if FM is worth blasting further.

IF anyone does show an interest, this alone will boost your share price, but if it comes to nothing, equally, it will destroy it.

Looking at the overall picture, there's too many obstacle's in the way for it to even get off the ground. Lack of Finances is one, and the massive debt, a second. Even if someone did take it on, any money going into FLPC would be demanded by existing Creditor's which would still leave FLPC without significant funds for many years should they last that long. FLPC would have a legal obligation to pay off it's debts with token amounts remaining for business running costs.

I'm sure that IF money DID come in, I doubt anyone would see it before 'huge expenses' would (legally) Spirit it all away!! In other words, the BoD will want the money back they've been apparently been funding from their own pockets...and then some. In time, they could easily 'bankrupt' themselves and show you all a clean pair of heals. Ring any bells (BeWary?!!)

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