InvestorsHub Logo
Followers 27
Posts 4637
Boards Moderated 0
Alias Born 04/30/2005

Re: tzan post# 9457

Tuesday, 09/05/2006 10:32:38 PM

Tuesday, September 05, 2006 10:32:38 PM

Post# of 42619
ok, here's my take on the news: Apparently this website has obtained an early release of the fmnj news which will be released tomorrow before the opening. There are 6 items that appear to be new news.1. The pulatira agreement with banker Kemp to finance the tailing mining which apparently has already started.2.Lawyers for ypfb and fmnj are REVISING the contract for the gtl plant.3.Franklin signed a deal with AyoAyo to build a small gtl plant capable of converting 500 barrels per day.4. An agreement was signed with the state of Tarija 5.a methanol plant will be built in Argentina by FMNJ 6. Audited financials have been completed clearing the way for Bulletin Board listing.All in all it looks to be a pretty ambitious undertaking by Franklin and if only part comes to fruition, this stock is highly undervalued at the current price levels.The 4th quarter may turn out to be a blockbuster and since stocks usually move before the prospects become reality, I expect the price per share to dramitically increase as smart money discovers that this is a real growing company.