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Exactly. Thank You for that.
Don't get ahead of events the situation hasn't changed by today's temporary suspension. We haven't heard from the Company yet on this and I expect we will so the last update of August 12 is still our expectation. I would give FLPC a chance to update it's shareholders before taking a victory lap.
It's a fairly straight forward situation at this point. FLPC needs to finalize and submit the revised financials then secure funding if it hasn't already and resume mining Fencemaker. The positives here are that FLPC by it's own reporting has stated that the financials are close, all permits and regulatory requirements have been met and are current, and we know the mine contains Antimony. Looking forward to an update soon IMO.
Great rebuttal I can't wait until we have the financials released and much more relevant comment here. Until then we just have to keep responding to the baseless allegations.
The most important factor for me is that Antimony (Sb) is in the Fencemaker mine in quantities sufficient for commercial mining. First Liberty Power Corp controls the mine and there is a considerable demand for Antimony with steady to rising prices and an even greater long term need for a domestic source. All that equals value and yes a matter of time before FLPC resumes mining at Fencemaker.
What Mining Media you are referring to as support for your claim of missing funds?
There is simply no evidence that FLPC management spirited away any funds of the Company to parts unknown or for any other purpose other than business expenses directly related to the operations of the Company. While a rough valuation of Fencemaker mine is possible further test drilling to determine more precisely it's exact valuation would need to be done. Having said that this mine has a history of commercially viable concentrations of Antimony supported more recently by test drilling that together with it's historical activity strongly supports new mining.The funds needed to recover that Antimony are currently being sought and may come in any number of ways.The important thing here is that we do know Antimony is there and a demand for it exists. We are all currently waiting for the Company update on the revised financials and information related to new funding for a resumption of mining at Fencemaker. It should also be reiterated that all permits for a resumption of mining are already in place. The Company had early missteps that it clearly acknowledged and has addressed in it's restructuring which included personnel changes among other action items. FLPC is in the final stage of a return to mining and although the timing has not been to your satisfaction it is indeed progressing and we will all be advised by the Company as soon as they are ready.
Yes these implied acts of misappropriation of Company funds are baseless and ridiculous.
I guess our friend is forgetting about the test drilling that was conducted at Fencemaker in 2012 by a certified geologist that showed viable concentrations of Antimony in the mine. Real facts.
896,000 left on the ask 0.001 slapping the ask gets it moving up.
Or not invested in. FLPC will be just fine. We are closer everyday to the Company being fully compliant and back up and running. It comes down to what you believe and I think everyone's position is well established here so it's just a wait and see now.
Innuendo seems a common tactic these days wherever you look but proof of wrongdoing seldom confirmed. FLPC is in the final stage of a long restructure and will be updated by Company management as soon as possible as indicated by FLPC's last update.
As I understand it additional sources of funding are being sought by Don as part of the restructure. I don't know any details on that but not the kind of thing they are going to talk about until the Company is fully compliant with financials IMO. For me you have to step back and look at this for what it is and what it is not. I see a junior mining company that got ahead of itself a few years back and realizing what they had with the Fencemaker mine and potentially other properties decided to suspend operations, restructure the Company and fix the problems, then resume operations. FLPC remains a high risk/reward proposition but based on my assessment of the individuals running the Company and my belief of the estimated potential value store of Antimony at Fencemaker this is a risk I am happy to take. We can go back and forth with what we each believe but will have to wait and see what happens. I am not trying to convince you or anyone as to what may happen here just my best guess based on many factors that I have observed. If anyone feels that FLPC is a poor investment then by all means find other more suitable pursuits.
I have been following all publicly posted material facts related to the restructure of First Liberty Power Corp. The buyout of Stock Pile Reserves was just one item in the restructure but a very important one as it gave complete control of Fencemaker mine to FLPC. The restructure is being completed in phases and the material details of the items completed in each phase are available by contacting Bob Reynolds of FLPC and simply asking. I will add that keeping all permits current and keeping FLPC compliant with all regulatory requirements was and is part of it. Additionally The mined Antimony ore that was stored was moved to a milling facility in Northern Nevada. One large item in the restructure was the approval of the Fencemaker mine water pollution control permit by NDEP. Again the Company would be the appropriate place to ask for the most important and relevant facts relating to the restructure but I am completely satisfied with what the Company has provided on the restructure to date. The final phase is where we are right now and really is of most importance and as you know involves the updating of a couple of years of financial filings. Once the updated financials are released the Company will publicly update the shareholders.
The SHAREHOLDERS of FLPC think otherwise and that is what really matters. IMO FLPC will finish the restructure and release the updated financials as soon as possible and then watch the market respond. Very positive here.
They don't need a metal detector they have the test drill report from Dr. Duncan Bain a mineral deposits geologist of Duncan Bain Consulting LTD. to confirm the presence of commercially viable Antimony at the Fencemaker mine. They have Antimony ore from the Fencemaker mine as proof of existence and are permitted to mine at Fencemaker.
I've been a shareholder/trader in FLPC for 7 years and am hardly long suffering. I made money trading FLPC in the past and will do so again so no thanks for your concern.
Vogal's claim was roundly dismissed by all regulatory administrators involved. I think he just wanted control of the mine back as it has value but in any case that issue was decided. What motivation would there be for Bob and Don to drag FLPC out if there were no plan to mine Fencemaker? They aren't receiving anything from the Company stock trading while the restructure is ongoing? This is a case of a Company that got a little ahead of itself a few years back and had to do a reset. I believe the BOD 100% that the updated financials will be released and that funding will be secured to mine Fencemaker. Ultimately we will have to wait a bit longer to see who has been reading the signs incorrectly.
No what it has written all over it is a Company that currently has no revenue stream and is being funded by it's management to keep the company going. Do you have any idea how easy it would have been to just walk away from this restructuring and the shareholders? I don't think anything would change your mind about the BOD or this Company so your words have little meaning to me but it's worth pointing out to those who are objective here that with the low volume of trading and mining currently on hold that Bob and Don are not getting anything out of this unless they finish the audits and get back to mining. I have been involved with several penny stocks over the years and First Liberty Power Corp has been the most transparent of the ones I have invested in. Just because the updated financials are still not out has nothing to do with management shortcomings or equating to a scam. As a shareholder of 7 years and having seen the commitment by the BOD to address the mistakes of the past and their perseverance all the way to this final step of the restructure I believe we will see the updated financials and a return to mining as soon as that is possible.
Although this update is not the expected information we are waiting for it is a positive sign. The Company is communicating and to me that shows they are committed to completing this process and are not walking away from their goals.
Thanks just wanted to know if that was affecting the courts decision on this. The final liquidation is taking forever.It's all over except for the final cleanup. At least Francine was fully exposed for her deception and I'm sure Karma will visit her and St. Ellie one day.
I sent an e-mail to Bob about a week ago limited to the question of the 2016 Silver Bell appeal on the Fencemaker mine permit and got a response. As we all know now that appeal was dismissed and the permits to operate at Fencemaker were issued to First Liberty Power Corp.
Is Boreal still in operation while all this court business is going on? Does the plant still produce bottled water and if so who runs the Company now?
Good work on this. Yes there is the answer to the claim made by Silver Bell dismissed in October of 2016. Permit was issued in favor of First Liberty Power Corp.
Exactly throwing everything at the wall to see if something sticks but will soon turn a corner here and should be looking good.
I had a college professor who used to say when somebody says the "fact is" about something listen very carefully to the next sentence because chances are it's not a fact at all. Anyone can bring a charge and claim anything and that is not a fact of any wrong doing at all. A simple unproven allegation.
Or how the other party works to their ends and yes I have seen the updated permits why not ask Bob or Don for a copy? There is no FACT in this appeal form but rather an accusation that is over two years old with no follow up. Filings on the way.
Excuse me my mistake yes over two years ago.
Amazing how people want a piece of what you've got when your on the cusp of making money off something. That form was received over a year ago and what came of it nothing as far as I can tell.
Sounds like sour grapes to me. FLPC has the lease to Fencemaker mine and all legal permits to resume mining. Don't sign things if your blind.
There was a rather extensive test drill operation performed at Fencemaker a few years back. If you ask Bob he can provide a copy of the report.
Such a negative attitude but once the financials are released and a plan has been announced for the return to mining things will be much different here and those who know how to trade will make money. Yes FLPC is a junior mining company but Antimony will put it on the map.
Sounds very promising to me and remains in line with everything that I have been told over the last several months by Company management. I think when we get these updated filings the SP is going to jump up in a big way IMO. You can see with the low bid price right now that investors are cautious but watch them chase the SP up once the expected fins are released and future plans announced. I believe the ask of .001 is going to be a memory soon replaced by much higher levels. I have seen the prediction of .07 and that could happen but what if we jump to even .005 or .01? A calculated risk at .001 but tremendous upside vs downside potential with this kind of news pending GLTA.
There is no evidence of any Company funds disappearing into private accounts or being "Trousered" as you like to say. Your allegations are baseless and uninformed.
I agree it is just a matter of time.
Agree on nobody's leaving but in addition I have noticed more volume interest on the bid albeit in the high trips. only significant in that the bid volume is up. If no volume sells into the bid then bid may very well move up. To me anyway it is a positive ahead of the updates.
There were a large number of shares bid on Tuesday @ .0008 and a few came up to the ask of .0011. I believe we are seeing some buying/bidding on the expectation of the updates. A good bid close to the ask and I think we may get this moving ahead of news.
My E-trade account shows the bid ask volumes. The bid is now 35 million @ 0.0008 the ask is 0.0011 at around 5 million shares listed.
I would move that now 35 million bid @ 0.0008 to 0.0011 and get in here. 11 is going to look cheap when updates hit.
34 million on the bid @ 0.0008? Looks like someone wants in at these levels.