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Look a bit closer Was a huge supporter for a long long time and even posted weekly SS updates to the board. Just can't trade now because Canada won't allow it. Very frustrating I can imagine.
$FLPC
Welcome back marexx. I remember you from back in 2013. I was wondering if you'd show up here again now that FLPC is on the move.
I don't think anyone is expecting Don and Bob to use their own money in the long term and dilution might be on the table down the road. However, there are a couple of other options that may help with financing. The first is processing and selling the ore they have already mined to raise some funds. The second, and maybe more important is a bill H.R.1407, which is working it's way through Congress and would provide 5 year interest free loans to companies for the production of strategic and critical materials, including Antimony, through a working capitol fund administered by the DOD's Defense Logistic Agency.
At this point anyway there is no possibility of dilution because the share structure is maxed out. So until there is a shareholders meeting and more shares get approved, we are safe from dilution.
Let's see what the financials say when the audit is done and then hear what their plan is moving forward.
$FLPC
I can respect your opinion, but I also strongly disagree.
I can give several examples where other stocks have flourished in the weeks leading up to financials. Especially, when it's been a while since they've been current. Check out ARY* for one example. They are in a similar situation and haven't released financials in 2 years (same as FLPC). Their PPS has gone up dramatically based on nothing more than excitement about a tweet that audited financials are being released soon.
My guess is that once the flippers are done, we move up slowly as the excitement over getting current audited financials draws closer.
We may or may not see .0009 again but I don't think we will stay in trips very long even f we do touch there momentarily like today.
* = 'C" above ;)
$FLPC
Glad to help! The other source of revenue potential that they have in the near term is if they can process and sell the 1000 tons of ore that they've already mined. That would help finance opening the fencemaker mine again, IMO.
Other than that, it is probably true that they will eventually have to take on some financing somewhere to make this work, or sell more shares, but that is down the road from where we are right now. With the SS totally maxed they can't dilute at this point.
$FLPC
I'm interested and doing DD but a little confused here.
Can someone give me the rundown on what the deal is with ICBU. Most of the posts are talking about mining but in the header above it's all hydroponics? It looks like both a mining business and hydroponics? Is that true?
Also happy to hear any other thoughts or info you want to share about ICBU.
$ICBU
What they have indicated, is that they are using their own money (the CEO and CFO) to get things going. At one point they said they were using 300K of their own money but of course nothing official yet. When the audit is finished we will know more.
$FLPC
Looking strong here today people!
Would be great to close at 13's or higher.
$FLPC
What's with these 10K asks? Who buys 10k of a stock that is .0011 ? I would think it was dilution but since our SS is maxed out, this is pure manipulation.
$FLPC
Hi Capo, I'm glad you found the DD helpful.
It looks as though the $1.5 million from group8 is old financing from back in 2013 and not relevant now. I had found a link that mentioned it and thought it was current but someone else here spoke to Bob Reynolds (CFO) yesterday and he said that it wasn't anything new.
My apologies for the misleading information.
$FLPC
Yes, nice to see volume increasing again too after yesterdays slow day.
$FLPC
Excellent! May you reap huge rewards! :)
Moved us up a tick as well.
$FLPC
Somebody just slapped those 1's hard but there are still 2.6 million. Getting closer though!
Welcome. Check out the DD in the links pinned above and don't be afraid to call or email the company for more information. There are several people here who have been around since the last big run here back in 2013 who can tell you both the good things the company has done and the mistakes that have been made in the past.
$FLPC
Apparently you can blame this guy. He calls the shots around here. hahahaha.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133258890
$FLPC
Yes, looking to add a few more today as well.
$FLPC
Well said. We all know that OTC companies are speculative and we are picking the ones with the least risk. Here we have a company that has a real mine, real ore already removed from that mine, permits to reopen the mine, and a rare metal (Antimony) that is rising in price continuously. Plus management that is willing to risk their own money, and a share structure that is current;y maxed out so that no dilution can take place. That's a great base to work from IMO.
$FLPC
Just noticed the nice Double Gravestone Doji candlestick pattern of the past two days. That often signals a reversal so hopefully that will indicate a move back upwards.
$FLPC
Good job taking your time and doing your DD until you felt confident. Fortunately, it probably saved you a little money too since the price is lower now than it was a few days ago. Congrats!
GLTU
$FLPC
PistolPete - with $PMCB are you at all concerned that the PSAR just flipped to signal a downturn? I know that's not the only indicator but it caught my eye.
Thanks.
Thanks Daylas. Glad you had a positive experience with FLPC management.
I did have some doubts about the $1.5 million financing because it was just a short blurb, and not much information about it, so thanks for clearing that up.
I'm aware that the path ahead is a slow process. I just hope that the audit gets completed soon and that they give some kind of more specific press release on future plans.
In the meantime, this could be a great opportunity for cheaper shares. I know I will be buying more because when this thing moves it moves quickly.
$FLPC
Ah delusions of grandeur, now I get it!
So? What's your point?
$FLPC
I know, right!??! I think it's just the low volume right now is dragging it down.
Could be a great opportunity to pick up some cheap shares IMO.
Almost 11 million shares on the bid so we have some support here.
Hopefully the company will have some news soon, as they indicated, and volume will increase (along with share price).
$FLPC
Was that what the voicemail said?
I emailed them also with a bunch of questions. Hopefully hear more soon.
$FLPC
Ya slow day. Not much buying or selling going on here at the moment.
Everyone is just waiting for FLPC's next move.
$FLPC
Thanks Ospreyeye, $FRZT unfortunately doesn't look like it's going to break the EMA 8 today unless something changes this afternoon.
Don't they normally tweet after 11:30 AM EST?
Exactly! Lots of good news on the horizon!
Let's not forget that the AS is maxed out here so there would be no way for them to fulfill caveat's evil plan, even if they wanted to. They can't dilute if they don't have shares to dilute.
Let's also not forget that history shows that they have got the mine up and running in the past and have 1000 tons of ore to show for it. To do it again will be easier this time around.
And finally, let's be aware that the price of Antimony is rising quickly and that is huge motivation for them to get things going here.
$FLPC
Thank you! Can you share a link please!
$FLPC
I agree. The only reason I even think we might go there for a moment is because we hung out at .0008-.0009 for a little while previously so it is support on the chart.
I expect an update soon though so even if we touch there, it won''t be for very long IMO.
$FLPC
I spent all of last week adding shares but if we go lower, I'm definitely adding more FLPC.
I'm torn between wanting it to go lower so I can add more, and wanting it to begin its accent towards penny land.
I'm hoping for some kind of update from the company towards the end of this week or early next week.
$FLPC
Seriously, someone should convince Viva (OTTV ) to pick the Cannanet.tv channel up once they launch! That would be incredible.
$INMG
I totally agree. I'm long here as well. My point was not about INMG specifically. It was more about how when a stock runs, people try to time the market to get out at the very top, which is unrealistic.
I'm happy taking a profit and try not to get too caught up with how much more I might have left on the table.
$INMG
While I agree, that kind of thinking can be hazardous because it causes people to want to get out at the exact top, which is not realistic.
I'm not sure how fast it went over $2 and how long it stayed there either. Did it crash back down or was it over several days or weeks?
Profit is profit. There is always another stock waiting to go up.
Knowing when to sell is definitely my nemesis though, so I understand.
$INMG
I don't blame you for being cautious since we are talking about a speculative mining company on the OTC.
However, I don't think it's fair to compare to when this was $1. You're looking way back in 2010 when the company first started. I don't know what the share structure was then but it was probably WAY less that it is now. Plus it was only $1 for a very short time and quickly fell to around .40 before falling even more. I don't think that's an indication of sketchiness.
I think the most accurate time period to look at is 2013 when we ran to .08 because most the same catalysts are in place now, plus more. That's the time frame I'm familiar with anyway so it's easy for me to see the similarities.
Yes, a lot was promised that didn't get fulfilled. Still, they did get the mine open and have 1000 tons of ore to show for it. That tells me that their intentions are good an it's not just a scam. I'm not saying they did the best job of managing funds but there is still huge potential here if they have learned form their mistakes. Plus with the price of Antimony rising so quickly, there is a lot to motivate them.
GLTU
$FLPC
At least in that case they rode it back down to .45 and still made a HUGE profit from .02.
Usually people end up way closer, or even below, where they started.
$IMG
Thanks, I'm doing well. I stopped trading for a couple of years but now I'm getting back into it and learning and relearning all I can. Obviously staying away from the shipping plays at the moment.
However, been watching FRZT for a little bit but waiting for the downturn to end. Seems to have made a turn.
It sounds like you suggest waiting til it crosses the EMA 8 to make a play? Is that correct?
Thank you! Wonderful video!
Learning a lot watching.
Thanks! That is great DD with specifics about the Fencemaker mine itself.
I'm going to quote it below so it's easy to find for future reference.
I'm curious what the status of FLPC's other holding is. Do we still have Lithium and Uranium properties as well as Fencemaker? Or did we give those up to concentrate fully on Antimony?
I sent Bob and email asking about this and will update if I get a response.
You too. Been hitting $FLPC, $FRZT, $OTTV, and $INMG this past week.