MrGold: Same as the Fencemaker Mine, they put that 'on hold' because the company has no money to justify keeping it open. It's too expensive. They have no active Mines or leases on anything at the moment because they are skint!
You are no doubt aware of the "Restructure" which has been going on for a year and a half to try to drum up enough cash to 'Progress' the company? When I last e-mailed Bob, he told me that there was still no Funding Partner nor JV able to offer funding, so their situation as far as cash Injection is concerned is still nil. He said that the BoD are putting their 'own' money in to the daily running of the business.
You can e-mail Bob Reynolds and he will confirm all this, because they are in fact in pretty much the same situation as they have been for all this time, (18 months now). Nobody know's the whole story, but the BoD would be very keen to tell everyone that good progress is being made. In his e-mail to me, he was quite candid about the fact they had found no willing partner to 'lend a hand' so-to-speak. No lies, no innuendo as some may tell you and if you want, I will place his e-mail here again for you to see and you can make your own mind up. IF there was progress, they'd tell all, but they have put out no more Public Notices since the day they went into 'Restructure'.
At this moment in time, FLPC is just an Office with a title and little all else. Don't be told anything else without FACTS. There is NO evidence to say exactly what the state of play of the "restructure" is. Even though they claim to be putting their own cash into it, this must be for a reason, so it is assumed anyway. The following posts you will read will tell you that I spout all lies about Criminal activities and "Slander", LOL. It's just something to say, that's all. I take no notice of School Yard chatter! It's quite entertaining!
AI
