Hey Buck... a couple thoughts.
In my mind, I'm generally annoyed when people talk about how much money we're gonna make or what the stock price is going to be by such and such a time. I suppose this is the promotors bread and butter and that which compels a person to invest in this company's stock versus another's. Tell the best story, get the people to invest today.
What are the compelling reasons to own Fortem Resources' and how will that be reflected in the stock price?
Here are a few reasons that I continue to hold and expect great things from Fortem.
1. Stock listing on the TSX Venture in nearly complete. Their "conditional" approval means they now have two requirements to meet. One of these is financial and the other is stock distribution. Once these conditions are met, we'll be fully listed and start trading on the TSX.
2. While the TSX listing is important and even an essential step in the development of their business plan, but it's not a magic bullet. By itself, I don't think it will result in an increased stock price. It will, however, increase the marketability of our shares and facilitate the business plan. A hopeful consequence will be access to a higher circle of venture capitalists and investors will provide the financing the company needs for the future.
3. What is it that makes FTMR a compelling investment to buy and hold? I think it is their portfolio of gas and oil properties in their possession. Oil and gas prices are on the rise. Who knows for sure, but I would expect that if we were bringing these properties into FTMR right now, we'd probably have to expend more shares and money. So in effect, without doing a thing, the value of our properties have gone up.
4. Who knows for sure, but I expect the actual book value of our properties presently... certainly once their reserves are proven will be a vast multiple of their initial book value. Early on... (in fact it is probably still in the IBOX above), I tried to estimate the value the properties by the value of the stock we paid for them. Well, the accountants said these properties could only be valued by the cash portion of these purchases. So book value now is $100's of thousands of dollars... we actually paid for them with shares of FTMR shares valued at $10's of Millions ($20-40 Million each). My expectation is that these will prove to be worth $100's of millions of dollars... and who knows maybe even billions.
When you start running the numbers simply on the value of the properties... the corresponding share prices are $5-10 per share... and we haven't even done a thing with them... YET!
If we can prove reserves that correspond to the neighboring and adjacent properties... the value of our properties go from incredible to absurd.
5. In conclusion... all of this takes time. We have some pretty talented people working on our behalf and I expect once things get rolling we will see a growing list of talent coming on board. We shall see.
As we see the stock price appreciate, I think it's wise to take your cost off the table, and if your Fortem position becomes disproportionate to your other holdings, wise to diversify, but I think you will want to hold a significant core position.
I believe our CEO Marc Bruner intends to go out on top and wants this company to be his crowning achievement. I'm not even sure what that means... but if he succeeds, I want to succeed with him. :)
Watch for opportunities with those you trust.
