I understand your concerns, and I was downright pissed off yesterday when I read the PR. However, there is a tone in the E-Mail which gives me the opinion that Prime Time will not be involved other than perhaps having a share interest in the new mining entity and value will be created for FFGO & shareholders. Time will tell.
New mining ventures take an average of 9 years from startup to production. This still does not stop investors from running up the price in the beginning or on good exploration results.
A few days ago, I looked into an existing mining company that had a quarterly production income of $30 million, and stated a quarterly loss in the $millions and more to come, due to exploration cost on a newly acquired property. The share price is over $30.00.
Why, if the company is losing money and will for sometime, would someone pay $30.00/share unless they planned to sell the shares for a profit to someone else? Same thing here - we will sell to another future shareholder, hopefully for a profit. I don't expect to receive gold bullion in the mail from any mining company anytime soon.
