Wednesday, January 24, 2024 5:53:59 PM
One of the big things I learned from the webinar was Keith revealed the number of FMG shares he owns now and what he hopes to own by year end. If I heard him correctly, he said he owns 28M shares currently and he wants to own 50M shares by the end of this year. That almost doubles his share count. He yet again, had to speak to the reverse split Idiots that ask about that on every call. I would quit even commenting on it. Keith has been more than clear on why the Company won't do it. Time is wasted on every call to rehash the subject.
I also liked that someone asked the question if FM was interested in merging or buying out FMG at these cheap prices. Keith was fairly diplomatic with his answer, he said the thought has crossed his mind, but he didn't think the FM Board would want to get into being a gold and silver producer now, but to stay as JUST a silver company. My rebuttal to that would be, then why did FM buy Jerritt Canyon, as that is mainly a gold mine? IMO he said that to indirectly deflect the question. I still believe if they don't get the offers they feel are adequate when the Springpole permitting is completed we could see an offer made for FMG by FM or they would do some sort of merger deal. Of course, they can't say anything about that now. That will have to come later, after our permitting is approved.
Dan spoke briefly on the indigenous talks and he seemed to say it was going o.k.
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