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Re: Echo115 post# 69954

Wednesday, 09/06/2017 10:27:43 AM

Wednesday, September 06, 2017 10:27:43 AM

Post# of 72908
It sounds like you aren't interested in FLPC.
OTC stocks are risky. I might recommend trying something on the NASDAQ or NYSE. They tend to be a little safer.

To answer your silly list:
1. No, actually it is true that they can't raise the AS without announcing it. So there will be NO DILUTION until that happens first. And why on earth would they guarantee to toxic lenders that they won't raise the AS. That makes no sense.

2. Yes, management has indicated that they are spending $300K of their own money. You can choose to believe them or not. That's part of the risk of investing in OTC stocks.

3. Yes, they can get financing. The price of antimony continues to rise and there is more pressure to find local sources for antimony. This means the game has changed and there will be more interest in getting a mine like Fencemaker up and running, IMO.
You say they failed but they were actually successful once in getting the mine up and running. They failed at the milling process but they have more experience now. Banks can take the chance because there is more money to be made with the increase in the price of antimony. And, banks aren't the only way of getting financing. Private investors might come on board as well.




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