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Have you or has anyone bid up to get shares? Doesn't look like too many shares have been sold here at the current bid. I did see a few decent size buys a few weeks back but most look to be holding.
Wish this would get back on the OTC.
I am not at all happy with the pace of things at FLPC but we did find out yesterday that the BoD are still there. I know some have suggested that the BoD are making a living off of shareholders but I can't imagine anyone is making money from the status quo. There is a reason the principle players at FLPC have remained and are working to get back to mining and I believe it is because there is value in the Fencemaker mine. The problem is that you can't spend a lifetime figuring out how to get at it. I believe the Bod are sincere and honest people but the business acumen is lacking IMO. If the BoD believe that there is value in Fencemaker then get a group on board who can make the mining of Antimony a reality. If after 4 or 5 years you find the task impossible then sell the rights to the mine and move on. I guess at this point we are faced with another round of by next Spring and so forth as far as predictions go from the BoD but lets get serious here or as you say forget it.
We have an answer and he gives some specifics. Will be watching and thanks for posting his response.
That does help and maybe that's the statement that could be posted on the Company web site. I agree with you all around the Metals Act needs to be passed already, but you know Congress, and I completely agree Bob has always been honest with me and I have always had a sense that he is a man of integrity.
I realize a phone call is a simple task but whether the phone call is answered or not really isn't the issue for me at this point. The BoD cannot provide me with information that is not available to everyone and what I have encouraged the BoD to do is to inform the shareholders as a group. The content of information in the past that I received either by email or through a phone conversation was information that was either known or could have been disclosed to any individual outside of the Company and that is as it should be. My guess and it's only a guess for a lack of a response from the Bod to me now is that there is nothing new to add to what they have already said publicly and that they don't want to muddy the waters or speak so vaguely that it is useless words on a page. That may be due to some kind of non disclosure agreement they have with a bank or a group of investors or something like that. I simply feel they could do themselves as well as the shareholders a service by communicating something. When there is a lack of knowledge or information then people fill in the blanks with speculation which is most often wrong. If others have had recent communication and want to post the content then feel free to do so I am content to just watch this. If and when the BoD finally decide to say something they will and if not then we know what that is as well. Just to be clear the only reason I brought up the email response issue at all was that it is out of character for Bob not to respond to shareholders but it may just be mine that have gone unanswered. Enough said by me on this and I look forward to any news.
Caveat I don't know if I am the only one not receiving answers to emails. I do know that I have always received answers in the past so something has changed. It might be that things are just very busy with them but as I said and you point out a simple statement from the Company shouldn't be that difficult. We haven't had anything official from the BoD since September and now is the time to be more reassuring not less IMO. I have communicated my thoughts to Bob in the past by email and through phone conversations so he knows my concerns and ideas. Fact is the operations of the Company are theirs and not ours. My final thoughts have been written on the current state of our situation and the fate of the Company rests with the BoD. I am not at all sure what will happen next but will be watching and wondering along with the other shareholders of FLPC. It may be that there is something very positive just around the corner or this may be ending with a whimper I will just have to wait and see. GLTA.
There is no question that there is Antimony in the Fencemaker mine and while the concentrations may be up for discussion it's existence is not. Test drilling a few years ago along with past mining at Fencemaker proves Antimony is within the mine and I would suggest in commercially viable quantities. The issue today is securing funding to mine the Antimony ore and process it for sale. I am not satisfied with the recent lack of communication from the Company to it's shareholders with direct email questions being ignored. While I assume the Company is under no obligation to answer questions by shareholders it always has in the past and very quickly as well. What has changed in the last 2 months to have this change in shareholder communication? IMO FLPC management needs to explain to it's shareholders exactly where the Company is with regard to it's updated financials, getting back on the Pink Sheets and what path is being considered for funding. Again the Antimony is in the ground and there is a demand for a domestic source so the Company needs to sell the concept. Selling your idea is the way to funding and as of yet I don't see any progress toward that goal. If there has been progress or if there is a plan then communicate at least the broad brush strokes to the investing community. It is time to move this forward or have a complete reset but I am afraid we are just drifting at this point. I am still here because I believe in the proposition that we have something special here with Fencemaker and FLPC but it is potential today and that needs to be converted to ACTION.
I am very concerned about the future of the Company however I disagree that the Fencemaker mine is played out. More test drilling would be required to support with certainty the higher grade Antimony samples that were scattered around the test sample areas but the history of the ore that was mined along with the data of test drills supports further mining IMO. I have no recent information from the Company to support anything other than a guess as to what is going on and that is unacceptable from this shareholders perspective. I'm not commenting here to scuttle my own investment but rather to get the shareholders to demand answers.
Aside from the daily back and forth which has all been said before, so no new news there, has anyone had communication in any form with FLPC management in the last month? One thing FLPC had that not many penny stock companies had was very good communication with it's shareholders and now? FLPC is a company with potential IMO and we all knew where we were about 3 months ago with regards to what remained to be accomplished with the updated financials the restructure etc. but today I really don't know if we are still on track or frankly what the position is. Having a setback shouldn't equate to complete radio silence. If everything FLPC needs to do to get compliant with the SEC requires funds, forget for a minute funding for mining, then lets concentrate on that. One step at a time lets do what is required to get current. I believe there are a lot of positives lined up here for FLPC mainly involving the Antimony within Fencemaker and a real need for a domestic source. I am beginning to question the salesmanship of the BoD to sell the idea. At the very least you scrape together the money to get compliant with the past financials and then source funding for mining but seriously we should be pressing for some results. I am on board with the notion that FLPC could be a diamond in the rough but the glacial movement here is confusing to say the least and the recent silence concerning.
I can't see the ask anymore but have seen some rather large sells into the bid over the last 3 or 4 weeks. Need to see this move higher and off triple 1. With all the shares out there I guess 40 or 50 million share sold into the bid in a few weeks time isn't exactly anyone running for the exits either. Really need some info from the BoD as to what the latest plan is going forward.
At some point it comes down to you have a viable plan or you don't. I have supported the BoD and have given them a very long period of time to get things in order and move forward but to date we still haven't. I don't believe the BoD should have let the suspension happen as they knew that was coming and should have avoided it. After it happened they found a way to buy more time and the communication has all but stopped at least for my inquires. Are we on the cusp of something substantial happening with the updated financials who knows? If I am to believe the BoD then we must be right there only days away at this point but yet there is no information on anything new happening. The silence from management does not mean that there isn't serious effort going on behind the scenes but I would think that after the setback in September the BoD would be doubling their efforts to assure shareholders that we are almost there and to provide some very specific things that are about to happen and a timeline. I believe that FLPC has value but that after 4 years of working on the restructure this needs to be rapidly concluded or at least explained how they see it resolving itself. I also realize that many times information can not be disclosed for various legal reasons but allowing months of speculation if something positive is just around the corner is also unnecessary and harmful to a company's future and I think unfair to it's very patient shareholders.
With some more effort and of coarse money the amount of Antimony and the concentrations could be much better established but there are enough recent test drill samples and historical mining data to be pretty sure that there is value there. Get the mine up and producing or lets make a deal for the shareholders and get on with it already.
Finding a funding source for getting at the Antimony should be possible IMO even if that means partnering with another company. First FLPC needs to get the funding to finish the outstanding financials which it claimed many months ago to be very nearly done with. I realize the difficulty here and I have fully supported the BOD's efforts but the compliance with the SEC really needs to be finished. There is little communication at this point and one can speculate on that but it's time to move forward with this. I believe that FLPC management really doesn't want to divide the pie up at this point and that is delaying funding but that is pure speculation on my part. Either way we need an update and a commitment to get things in order sooner than later.The Fencemaker mine has an estimated value of Antimony stores and if we try I think we could get the funding or partner the Company to someone who could proceed already. Shareholders should have a voice in light of the time we have been waiting.
If funding can't be secured soon I hope the BOD chooses another path for FLPC. Maybe they have wanted to go it alone when a partnership is available or some other arrangement. Lets gets some movement already either way.
I believe the test drills prove there is viable ore in the mine. Need to sell the concept.
I'm leaning toward the same conclusion that there are some major developments on the way just hope it involves the capital needed to get the mine open and Antimony processed for sale. The Antimony is what this is all about.
We will have to see what the lack of a response is all about and time will tell but I still believe FLPC was close to a reset and if they can secure funding I think we pick right back up. In this type of a situation where you have a commodity of demand at hand and an ever increasing need to secure a domestic source for it then money should be obtainable. I am beginning to wonder if there is a lack of skill set to properly negotiate the funding which should be available. These guys were persistent for a long time so they are not ones to cut and run but you have to get something done already. I along with other shareholders have been here a long time and have been very patient but the BOD needs to be completely honest at this point and show us a path forward soon or give someone else at try, sell the company or some other option. Waiting for any news.
Thanks.
I really don't know much about the grey sheets and if a stock is trading there how the volume is indicated. I would have to assume that the volume we see posted here is on the grey? I have sent 4 emails to Bob Reynolds over the last month and have not heard back which is highly unusual for him. Not sure what to make of that I figure it could be good or bad. Often Bob would delay a response on an email if something of substance was in the works and he wanted to respond more fully at a slightly later date so could just be that but he has never totally failed to reply. We shall see.
Now there's some volume.
So maybe it will be to our advantage if the receiver can't find a buyer. It would be nice to be left with something even if it were a fraction of our investment but I seriously doubt it. Thanks for all your work on this.
Yes I believe the suspension was lifted but I also understand FLPC is now trading on the Grey Sheets so still not fully compliant I'm guessing.
Anything you can share as to what they are trying to accomplish? I have not spoken to Bob in awhile now but last 4 emails went unanswered which is a departure from before the suspension.
I believe it was October 5, 2016 and was temporary but I don't recall if the suspension was ever lifted before this went into receivership. I'm sure you can verify that from posts on this board at around that time or by checking with SEC.
This has been known for a month whats the rumor?
Looks like it. Thanks for the reply.
True and as such I find the comments of Mr. Stevens rather odd if he is a professional. I believe this is the man I spoke to when the receivership was first setup and he explained that we the shareholders were all essentially out of luck at that time.
Does anyone have the post that Francine put out when Boreal was de-listed explaining how we were all now private Company shareholders? I would think we could reference our position with regard to our claim with that communication by Francine. I would not expect that we will ever see a penny but I would at least like to know that the court fully understands what Francine told us about our share ownership in the private Company. It was Francine that took Boreal Private and that is why at the time I wanted to know what that equated to in terms of share structure.
Linda1 I remember when Boreal was de-listed we were informed by Francine that we were now shareholders in the private Company Boreal Water Collection. We are most certainly share holders and I don't know if there is or isn't any value left for us but we should at least be addressed by the court. I was offer money at one point by an individual wanting my private shares but as I explained to him I was never informed by Francine (and trust me I asked her) what the share structure was in the new arrangement so felt I could not sell them. Again how many private shares do I now own. I had over 5 million in the public venture.
Glad to hear that hawkshaw I too prefer to wait for the real information and not worried either.
That was a very odd trade when you think about it.
Again not the type of action taken by a group who want's to cut and run. I also believe FLPC will get the financials current and mining will resume.
Funny I read that as the poster did not see that coming but in any case the Company is addressing the situation and has said to at least that investor that we will be updated on this issue.
I respect your opinion and of coarse I don't know the eventual outcome of any of this but while this week was a set back for all of us, temporary suspension of trading is never a good thing, I'm not sure all is lost. As for the e-mail I do know Bob sometimes waits to respond especially if they are on the verge of something that would better inform his response. Also I would hope they are very busy. Either way we will see and good luck.
What are you talking about? I'm commenting on the possibility of Antimony supply disruptions as it relates to tariffs and a need to find alternate sources. The U.S. Government has already listed Antimony as one of many rare earths that they believe need to be sourced in the United States. Readers can take what they want from the information and verify the source referenced.
Good news for FLPC Antimony is on the tariff list with China. Source Reuters Business News July 31 2018. 108.5 million U.S. dollars of Antimony was imported from China last year (2017). China represented 62 percent of all Antimony metal and 70 percent of Antimony oxide imported into the U.S. between 2013 and 2016 according to the U.S. Geological Survey. I sincerely hope there is a disruption in supply from China that should kick start U.S. Antimony mining in America and we have the Fencemaker mine with proven reserves.
Just so we're clear folks this post is pure creative writing fiction.
President Trumps's tariffs make it even more likely for disruptions from China and make Fencemaker and FLPC even that much more likely to succeed. The speculation can cut both ways.
It only matters if you have an agenda.