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like him or not, Trump is going to be the only salvation for the mining and energy industries here in the US. Here in California, the new Democrat Socialist government has shut down most small scale mining for years, myself included. Our current federal government is moving in the same direction and it makes me sick to see what they are doing to our once beautiful state and country. If Biden decides to bow out and the DNC decides to run the commie Gavin Newsom, folks run for hills cause our constitution will never be the same.
Please help save our country and constitution!! Please do not vote for any Democrat!!!!
Aaarrrggghh!!!!! Gold at all time highs and the miners are languishing or going backwards. And the dump of stock continues with the large blocks on the ask.
I'm not an insider, just a shareholder but I am a semi retired miner. I do understand the headaches of dealing with the BLM. They are at permitted depth for the Isabella Pearl. They have a huge leach heap and are expecting to get 50k+ oz out of it. Awaiting permits for three other claims.Should be coming soon.
Hee Hee! Don't panic yet. I finally spoke with Greg at the company this AM . Give him a call.
Another 50k dump of shares on the 18th of Jan. $311k worth for a company officer. We need a bonus like that! Who would have guessed the company would be our worst enemy.
I have been calling since mid Dec and no answer or voicemail. No return of email. In the beginning, I thought the action was an idiot trader, trading for pennies, but the very large blocks said institution sales. It never crossed my mind a large portion of sales was from the company.
The dump continues. According to filings, the company itself has sold nearly 500K shares over the past year as gifts. Even the two top officers sold almost 150K shares thru November and December. I'm not against a year end bonus, but I wish they would take out cash instead.
I've said it before, this won't go anywhere while we have this heavy overhang slowly dribbling out. It might be a good idea for Fortitude to use some of that extra cash and work a deal with the holder or holders to buy back. OTC still shows 4% institutional ownership.
It appears this good ol' dog has gone to greener pasture.
Just from observation over the past year, it appears to me that this has not moved in price because of a truck load of stock constantly dribbled into the market. I'm assuming an Institution
and they are trying to get a $5.70 average. I'm basing this opinion on the large ask size that appear and disappear.
Obviously, the market doesn't think it's a non issue.
Found the strike news. Does not sound like it's going to be resolved any time soon.
Anyone got an idea of reason for the sell off today? Checked newswires and nothing. Only thing I can think of is the miners may have gone on strike.
That is a long winded prospectus that was short on positives long on negatives and more dilution. It makes it really hard to warrant a 1500 times earnings share price. It was not that long ago 30 to 40 times earnings was considered very risky. I do not see earnings here anytime in the near future. Maybe years.
FYI.The opportunity wasn't wasted and I'm out with small profit and thankful.
FRTT now trading.192 shares volume. $.86 bid $2.40 ask
FRTT now trading.192 shares volume. $.86 bid $240 ask
One point not to be forgotten, regardless of the opening price for Fortitude, institution sales will put the price in the ditch for awhile.
The dilution continues.Company management and preferred holders are laughing all the way to the bank while sticking it up the... of the common holders. This co. couldn't make a profit with oil @ $80 a barrel. Now they have major losses yet the party continues. I've been a loser holder since the great PUMP and DUMP years ago (I hate to admit that) and I keep hoping someone will step up and buy this POS.
If this dilution continues I'll never see the $5+ I need from a sale.
It's a terrible thing to be tickled pink to break even on a 10 year investment.
My point was it could have been much worse
First news of reverse said 25 to 1. 1000 shares would now be 40 sh.
What the --ll happened here? Now trading under SBSW. No news.
Can any of you pros explain why, with gold over $1500,silver up,PGM's are screaming and the miners are languishing or going south???
They are the major producer of PGM's. Palladium is now trading near $1400 oz.
Merry Xmas to me! And a very merry Xmas to whom ever bought my stock today. Thank you.Now I can at least write off the LOSS.
I see two scenarios for the recent run up price. #1 Investors think VTNR will finally show a profit on revenues alone OR this has been an orchestrated run up to establish a higher 10 day trading price for equity use. Maybe a new purchase.
Dividends are great but payment in stock is more dilution and along with the 400m for bond conversion and more for asset purchases, they have managed to dilute themselves into oblivion. Could a R/S be in the future?
Any one here know what the bonds conversion price was?
Judging from the massive response to my query,not only is PFSD dead, so is this board.FWIW,The legal battle is not dead.
What's the consensus here folks? Has everyone given up as a hopeless case.I thought there was an effort to organize S/H.Personally,I do not feel Mitchie and the BOD should get off scot free for what amounts to Pubic Rape.We may never get our investment back,BUT....
JT,I have tried to contact you via email and phone. Can you help?
Thanks for posting that release.Did not find that in any of my searches.
1 million shares dumped in the first 10 min.Can any of you "pros" explain this?
Watching spot gold trade on a live chart makes me want to pull my hair out.I'm assuming the 30 min.cycles I see are the trading bots sucking millions or billions of out of the markets.I think trading software should be illegal.If I had one I guess I would change my mind.Anybody have an extra.
Thanks. That's probably why I could not find any info.
Anybody on here know if Sibanye has suspended dividends?
It sounds like they will finally have a product early next year.
Unfortunatly, the series of capital raises will be extremly dilutive.
What I found interesting,
In this news was the Sept.7 production update.
Mr. Gralnik is a production guy.Maybe they are getting close to having a product for market.
What are you basing your assumption on? Are you involved with the co. in some way? It's become a free money machine for select individuals and families in my opinion. All at the expense of the common investor. They can't possibly play with the big boys if they are delisted. Another thing that bothered me was on the day of the series B conversion the stock had been trading @ the $1.38 to $1.40 area, then suddenly at the very last seconds of the day a small sell @ $ 1.12 sets the conversion price.Don't get me wrong as I made the bet that they would become a big boy and still have hope.
You might want to look at (GORO) Gold Resourses.They also pay a dividend.
Are you referring to the 50k in units?
As far as acquisitions,I hope they don't with the stock price so low. The dilution would be devastating. Even at $60 oil, this can't go anywhere until this constant dribble of shares being sold under book value is done.