Successful Businessman unlike FLPC
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WRONG!!! "Mining this summer". Misleading information. Who said they will 'be Mining this summer'. Show me PROOF & EVIDENCE that tells Shareholder's when this is supposed to be taking place. There are no updates that says this WILL be happening.
Where also, is the Money to pay for it. There isn't any!!
Good! When (if) they do, Yes, I will certainly cheer!
Fancy you suggesting that. Seems that your train of thought is bordering on assumptions that the BoD are less than straight? We know one was. FACT, so...
I agree. "As a shareholder all I need is for the stock price to go up and I believe this will happen". If (IF) they can give an approximate date for Mining to begin, the SP is likely to do what you want...a sharp high and quick rise. Whether or not they actually Mine doesn't really matter. If they can build the SP purely by updates, it will give people the chance to make money, break even or cut losses. The chances are the BoD will also sell up, so as long as you can sell, you'll be ok. If all hell lets loose and the SP goes mad, you may only be able to sell tranches of smaller blocks. Either way, sellers will keep plugging away as they think fit.
If the BoD off-load, it MAY be they choose to close later on, hard to say, but it may be one of the few chances that anyone actually gets to making any money?
If they DO Mine and get a result, the current SP will be confined to History.
The 'Stuff' is still NO GOOD until someone pays to get it out of the ground, bar the exiting 800 odd Tons. FLPC cannot afford to do it yet, they have NO JV, so irrespective how much it's worth, Mining it out, costs, processing it, costs. For now, it stays underground until such a time someone OTHER than FLPC decides to chip in and try their luck.
FLPC needs money for their Accounts, and the need significant funding, and if they need funding for something as straightforward as account costs, they have little chance of securing hundreds of Thousands of Dollars to Mine.
It's not Rocket Science be able to understand that IT'S ALL ABOUT MONEY! Who will loan a non-profit making company with huge debt, ANY money without security.
NOBODY.
Nonsensical post! The Forum's full of people who 'think'. If you can't think, then you don't exist...rather like FLPC's Bank Balance which, like Doughnuts has a damn great hole in it! I love Doughnuts/Donuts...with Jam, but I don't or very rarely buy those as I have to keep my body trim for my Summer Cycling. I'm only a tad overweight but it soon goes.
We are an overall trimmer nation than you guys?! It's the Gals here, too much Fizzy Pop and Chocolate. Many are just an AWL's, (A*s with legs!).
The best 'Thinker's' are the FLPC BoDs. They've gotten this far by 'thinking' what to do but not really 'doing'. Now, that's clever. It takes Brains to run a Mining Business for about 7 years without actually Mining! lol. I take my (Hard-Hat) off to them. LOL
I think that if FLPC were producing Doughnuts, they would be more profitable. I have already seen the Link you posted earlier on, so I didn't miss anything, thankyou.
"Previous FLPC restructuring benchmarks have included the buyout of Stockpile Reserves LLC (SRL) in 2015-16, the updating of all FLPC business plans, property ownership".
Stockpile Reserves was technically owned by FLPC as Subsidiary Company. Probably as a Shell Company because there was no profit on that one either and no shareholder's. At the time, Bob stated they bought Stockpile and it's many shareholder's. I searched the net, and found none, so it could have been 'local Shareholder's' via Private sources.
Stockpile did produce all the Ore, and as Bob once said, FLPC 'Mined' the 1000 Tons of Ore, well again, technically they did under the name 'Stockpile'. They can of course, Fund Stockpile and channel resources into it, for example, 'Tax reasons' perhaps, and so the money, if any, can circulate within a company's Shell business. Don Nicholson was the manager AND the FLPC Treasurer. Sort of all fits rather well, don't you think?!
Note that before they can complete all this Filing's lark, the CEO does state that they need significant funding before they can draw the bottom line. Not necessarily for the 2014 Books, but the remaining Books. Without the funding, they won't be able to complete. That could be the Caveat for making it a long protracted process into the bargain. We'll see?
As far as most people can see, there's STILL no spare cash for Mining, simply because they "need significant funding for the accounts" least alone Mining. You don't have to be a math's genius to work that out?
Domestic Production and Use: In 2017, no marketable antimony was mined in the United States. A mine in Nevada
that had extracted about 800 tons of Stibnite ore from 2013 through 2014 was placed on 'care-and-maintenance' (lol) status
in 2015 and had no reported production in 2017. (Or ever, in fact.)
Now it's 800 Tons. The 200 'missing' Tons is strewn hither & thither when being shifted from point A to B to C. Of course, what they have left has 'value', but after the Filings have been paid for (if they ever get paid), they may just have enough Dollars in their Overdraft to have a few tons of Ore processed which should be sufficient to buy 12 Months Coffee and Milk.
Now it's FOUR months into 2018 and still no sign of said Filing's. I had mine done and complete in two working weeks AND I showed a decent profit :) FLPC Claim that 2014 are almost complete. If this is the case, they should be released by the beginning of Summer...if you're lucky. Bob will tell you in several paragraphs how complicated it all is (Ahem), but a decent accountant will be able to give an accurate idea of when they will be ready for showing. Should make amusing reading...that's if they really are 'complete' !!
That soon, eh? LOL
Antimony is there, yes. It's been proven time and again. Depth and viability of its extraction, will be a tough call, but once the demand increases for Electric Cars, the price will Rocket which is when JV's should be employed to strike a deal with FLPC, probably on a Royalties basis?
When more Electric Vehicles appear on our roads, the Governments will feel the pinch on Revenue coming from Gas. The price of Gas/Petrol will increase one day by so much that it will probably force people to 'Go Electric'. This is when the real demand will increase, because the value of Antimony will escalate in leaps and bounds, THEN Fencemaker will come into its own. You may have to wait five years or more, as long as the CEOs stick it out, bearing in mind their ages?
Each Government will want Revenue from we motorists to make up for losses later on. We need to be prepared for Pay as you Drive, which could prove more expensive later than it is now. With our Gas prices at (your equiv'money) $1.75 per LITRE, pay as you drive may have to be Satellite Linked so you cannot escape the Tax. With technology the way it is, who's to say that every new car will be Chipped to track a cars movements and automatically Invoiced saying how much they will take from your compulsory dedicated account the following month!!
Antimony could be the new 'Gold' one day. It's food for thought?
I also agree with this. Once your Financials are complete and they show 'good' and proves the company is stable, I would be almost certain to see this SP move considerably higher for some while before settling to a new higher norm until the next bout of news.
$$$ to be made once you get wind of when it's due, so at these lows, it could be a bargain, especially if you are quick to sell and take your cut?
It's all about Timing to gain some profit. If it's due very soon, now is the time to buy with the usual risk factor based on what people have researched about FLPC.
As far as I recall, it was 20,000 Tonnes a year, and the Licence expires in October. That's a very small tonnage with regard to Mining and to process that lot (if they get that far), is around $80-200 per Tonne, it depends on the tested yield. The higher the yield, the more it costs to process. Look online and see if you can find some up to date figures.
To get anything Worth while, based on the small percentage tested yield that was Mined by Stockpile Reserves, they will have to Mine several times that, so it would mean extending the Licence to a higher Tonnage...if they ever get to that stage. The fact they have just under 1000 Tonnes of Ore just sitting around, means it's not yet economical to process it for small cash amounts?
It will be AGES if they get around to doing it, and ages if ever, actually mining for the FIRST Time by FLPC...NOT Stockpile which technically was or is owned by FLPC. Don Nicholson was the Manager of Stockpile, then sold to FLPC who Don Nicholson was working for. The purchase was in 'Stock', not hard cash, so it's all a bit twisty twirly! Don and Bob are Major Shareholder's the main 'Owners' of FLPC while Don 'Owned' Stockpile but was a subsidiary of FLPC. Something like that, but even you could call yourself Joe Bloggs Mining, work for FLPC and under the JB Mining name, stick a few bits of Dynamite in the ground, blast a few Tonnes of Ore and then sell the company for a profit...offset the purchase against Tax, up goes the Share Price of the purchasing Company, sell your stock and come up smelling of Roses?!!
Sounds dodgy, but perfectly legal. It's a good way of cashing in on doing next to nothing! FLPC are good at doing not a lot! If you look online for ANYTHING much done by FLPC, you won't find it, because they haven't!! FACT. All they've done is bought Licences, dumped Ore on peoples land, shifted it from A to B to C and left it in a big pile where it will stay 'forever'. Not a lot else. Don't forget, FLPC DIDN'T Mine the 1000 Tonnes of Ore. They call it the MINED Ore. It was inherited. lol. (FARCE!) Take a look :))
Cripes, a full blown History lesson!! lol
"All in all, our company could be even more valuable than we thought.
If this was so, why, when all said and done, aren't Miner's falling over themselves to Mine it (Fencemaker, that is). Well, the reason is that the 1000 Tons of Ore Mined by Stockpile Reserves, only proved to have a very limited value to the Ore which is at present, uneconomical to process.
FM was Mined several times as you know, and was closed down by FLPC to "Conserve cash". William Voaden set up a Funding Website for anyone who was interested to jointly fund the re-Mining of said Mine, but he had no taker's. Why, because it was going to cost too much to dig way down to extract Antimony Ore with no guarantee of success and hitting decent Pay Dirt, hence it remains dormant.
The return against cost would have long been realised by now, but it is what it is and that's a potential White Elephant with too much risk attached. FLPC have played the Antimony hand for ages, but as a company, FLPC has done nothing, or at least, very little to get it up and running because the cash call on this is waaaaay out of their range, hence the request for a JV.
All very interesting in the story you provided, but it has little bearing on FLPC as a Junior 'Mining' and Exploration company if nobody's interested!!
Here is the big problem: "Additionally, considerable funding by FLPC Management is required before the process can be finalized."
I would have thought that IF the Management are funding the whole operation, they already have the cash. If they haven't got this cash, which is now obvious, they wouldn't have written it! That sentence is covering their backs for further delays.
'Considerable Funding'... Still wondering where that $2M went a couple of years or so ago? BUT, they won't tell ANYONE, not even the Shareholder's who have the right to know what cash is coming into the Business.
http://quotes.wsj.com/FLPC/financials
Succeeding company, what with figures like this you expect them to 'turn this company around' to'Victory'. The Victory is all the BoDs, not the Shareholder's.
Who's FLPS?
"Baby Steps". Pity they keep stumbling all the time. They've been tottering about ever since, and never made any real progress since infancy. They need some decent Direction to help them stay upright, but don't bank on it. There's clearly a lack of 'balance' here!!
If you pay the Fee, they'd spend it on themselves, just like all the rest of the Shareholder's hard earned.
Sure, i'll go once they PROVE they are going to do what they say they will. Buying a Licence means nothing. You can buy a Driver's Licence, but it doesn't mean to say you have to drive.
No, they can't afford to pay it. The business has no cash, it all 'comes from their own pockets', prior to that, it came from the Shareholder's pockets. FACT.
If anyone believes the BoD are Funding this from their own private bank accounts when there is little possibility of getting it all back again in whatever shape or form, think again. They claim to have done this for over TWO years...that's THOUSANDS of $$$. LOL NO chance!
They're just trying to make out that it's all going to be all fine and dandy if they 'claim' to be supporting the company on their own. What a Joke....AND people believe it. I wonder whether or not that anyone watching this share actually thinks that Bob and Don have been dipping into their own pockets all this time?
They're still stringing you all along, BIG time.
Elvis is still alive too...but which one?
Dead weight, dead right, dead business.
One step forward, two back. The FLPC 'Two-step' dance.
Thanks for reminding everyone about what sort of person was employed with FLPC. That's two divisive people now gone from this company. Gives you all some idea the way these guys work. Only for themselves.
"That would IMPLY illegal activity.
There is no EVIDENCE or PROOF FLPC is attempting to "cook the books."
They've been simmering at a low heat for years. Soon, they will boil over!
Let's take a look at that couple of Million Dollars or so 'Funding' they were reluctant to discuss, even with the Media or anyone else. It was in YOUR Interests to find out why and where it went. If it is NOT shown on the Filings as an INPUT, it does most certainly IMPLY there's something untoward about the funding. I wonder what it will be?
We shall see very soon. If it's not shown, then questions will be asked.
Oh really..."EVERY Day"? What a Hoot!
IF, I purchased, but I don't Trade. There will be other opportunities, but I prefer to reduce the Risk to Nil by not buying at all. At the current low, it's worth the punt but as you know, I trade in Antique Photographica and there is almost no risk attached to it.
I bought a job lot of items last week for $325. ONE German item is already bid at over $600. The single item cost me $75 and in 5 days, it is a far better bet than trading most shares for the same time depending how much you are prepared to risk. I only trade in gear I know I won't lose on. I have 10 more items to sell which will net a tidy profit to help pay the bills!
Bound to be a P&D. It could be traded if brave enough. Beware of the usual big drop after it's been hyped up by whoever. This share relies on hype, it's all it's ever done because there's nothing else to drive it!
Filings could be ready by end March...if you're lucky. I wonder if they will be properly complete or just full of what they want you to see? They must also show the trade worth of the buying (in Stock) of Stockpile. If that's missing, so will a lot of things be. In addition, they will need to disclose to Shareholder's where the 'Millions of $ Funding came from and went to'. As the Shareholder's own part of this company, it is a LEGAL REQUIREMENT to disclose all monetary inputs and outputs which affect YOUR share price, and YOUR company. A few years this funding appeared, then disappeared, and the BoD were reluctant to discuss it....with anyone, not even for company reviews. If any of this is not divulged, and this, too is missing. It's probably a scam....which most people have known all along. It's now running out of steam.
Lots of questions which the BoD won't answer. If they do, they will give you a Politician's answer. Talk a lot and say nothing.
Sounds like a real Humdinger of a party. For that cost, it should have been an 'Orgy'! LOL
Sounds nice! I hope you got at least one Valentine's Card. I got three (same person!) My girlfriend goes overboard and buys me too many things. A kind and generous person, but she doesn't need to spend so much....over $100 USD on After Shave Lotion 'smelly'). She will be taken out for a nice evening's dinner soon, which will be around $70 or so. She can have what she likes. I will have a packet of French Fries and a glass of water!
Google: The White Horse, Shere, UK. The Village was featured briefly in the Movie 'The Holiday' with Kate Winslett. The Cottage was built for the film, not far from the Pub. It's about 55 Miles from my home town.
Filings should be ready by end 1/4 1 with any luck. Go FLPS whoever they are?! lol
'Queens', they all hang around Brighton (UK). I live near Brighton...about 22 Miles away, or in the case of the US, San Fancisco. 'Village People' type, not Reigning Monarchs such as our's. At 91, she's going to have to quit soon.
FLPC may Mine again if they can afford the Shovel's?
The Queen doesn't give a Hoot about Antimony, she's too old! Uncle Blob is already Rocking and Rolling as long as the Rocks don't Roll over him and squish him! LOL.
"Focus and money spent is going towards completing their audit, processing the ore already mined and firing up Fencemaker again".
So, they won't be attending. If it's down to costs and putting the money towards the Filing's, and in the next breath, they think they will possibly be 'Firing up' Fencemaker 'again', it STILL proves there's no available cash to Mine if they have to scrimp towards keeping money back for completion of the books!
Yet again, more waffle from Uncle Bob!
(Actually FLPC never did 'Fire up' Fencemaker, Stockpile Reserves did. LOL!!) It was their Ore, left behind...'Gratis', which they keep claiming they're going to Process. Keep the jokes coming!
If it's an "EDITORIAL", that's OPINION and not "black & white."
It's FACTUAL. Everyone know's it. If it weren't a FACT and contain FACTS, then FLPC should sue, they didn't because it's all TRUE.
MILLIONS of DOLLARS (we know they had it), but they weren't prepared to discuss it, PLUS it didn't appear on ANY Filings. So, WHY WERE THEY HOLDING BACK at that time when the Shareholder's should have known about it AND quizzed the BoD about it.
Simply put, they are being very shady about what they talk about, especially as there's money 'in', but strangely enough, they don't want to involve Shareholder's in COMPANY FUNDING when Shareholder's are entitled to know.
Even though it's old news, it still taints the FLPC reputation with serious uncertainty about what game these guys are playing behind your backs.
Shocking and full of ambiguity.
FLPC in it's own right, is probably not as squeaky clean as they give the impression they are. It's worth reading this link from 2013 which also highlights that they had Permits back then and were about to start Mining, but it never happened.
What they say, according to this Editorial is not to be trusted, especially as John M Fife who owned FLPC share's was convicted of Fraud. It's there in Black & White.
Voaden NEVER worked "alongside" Reynolds or Nicholson.
Voaden's role for FLPC was to find foreign investors willing to put up money to further mining at Fencemaker.
Under DIRECTORSHIP.
WRONG AGAIN!!!
William Voaden was appointed Directer in 2013, therefore he WAS working alongside Bob Reynolds and Don Nicholson. Irrespective where he was, each Director is a TEAM MEMBER and they worked together with one another. As far as any company is concerned that is alongside the BoD. Splitting as many hairs as you wish will make NO difference, his position remains, he WAS a PAID Director. FACT!!!!!
"LAS VEGAS, April 1, 2013 /PRNewswire/ -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mining, exploration and development company focused on bringing to the market "Mined in America" strategic industrial minerals, announced the addition of Mr. William Voaden to the Company's Board of Directors."
See. It's there in Black & White and that FACT won't change!
I don't give advice, BUT my 'advice' to you is KEEP BUYING FLPC share, as we know you will!!
"...well timed entry and exit points. You don't marry yourself to a stock you trade it".
That's just about bang on, although LTH may experience exceptions with vast gains or the opposite. Trading a share with so much uncertainty is ONLY best to Trade it.
The more you keep buying for the 'Bottom draw', the higher the risk and the more you could lose as this is far too risky to keep loading, especially with nothing simmering on the back burner...Traders will win on this one providing the BoD do their bit rather than sit on their Laurels and let the Shareholder's guess....(Waxman!).
FLPC was only a Multi-Penny stock because their claim they Mined 1000 Tonnes of Ore (which in fact was Mined by Stockpile Reserves managed by none other than Don Nicholson. They were going to process, refine that Ore to Antimony quality. The Shareprice rose on expectation only and it only dropped way down because they never gotten around to Processing it, there was no Liberty Mill which was cancelled and they called a "Restructure", so hence the SP is where it is.
As previously mentioned, if they make an announcement that CLAIMS they will Mine and the Filings are released which by some 'fluke' prove positive, then the SP will rise and will be properly tradable. It will be short lived though, but with momentum and regular updates being the key to a stable share. They MUST be able to back up their claim with action, which of late has been non-existant, otherwise it will just drift back in to the doldrums as it is now.
We'll see what happens later.
Echo: You are probably the only person here who is a realist, whilst other's are deluded with 'Head in the Clouds' ideas about how great FLPC will be.
If the BOD could PROVE and SHOW they really mean to Mine, they need a LARGE Bank Balance and a JV who are prepared to support FLPC with Financial Support and a deal FROM FLPC to them, should any profit be made.
They have been looking for JV's for a few years now and there are no takers. The simple reason being is they know that Fencemaker will be too costly to support a proper Mining Program. Easy enough to work out. Bear in mind that the BoD has promised to deal and process/Sell the Ore after the Filings. Bet they don't!?
FAKE COMPANY