Best lines from Gertrudegold's posts:
Bouse which this Company owns is of great value.
Stephen Lumb's involvement here interests us because he only invests in sure things when it comes to Mineral rights.
This means that FFGO's stake in Bouse could mean that Lumb will bid for the Company to get 100% of Bouse,
Ron Lowenthal was President of Hurasu. He is now President and IS THE Head Honcho of Lumb's New Gold Fund. He is, by the way, a very serious guy. Lumb's Mentor for years, only voice of reason in Lumb deals, when we acted for Lumb. ... Lumb trusts Lowenthal like nobody else, it makes sense to consolidate his Mining interests under Lowenthal in that Fund.
FACT : He is consolidating Mining interests in a new Fund. FACT : He has stated that he is only pursuing Private Equity & Leveraged Deals from now on and delegating Mining interests. FACT : He has an historical interest (maybe control) of Fortress. The Gold Fund is going to be worth billions, of that I am very sure (I cannot elaborate of that, sorry). No merger here, LOL. However, why would his Gold Fund not buy Bouse if he has an interest here?
GUYS, FORGET A DEAL WITH LUMB'S NORTH AMERICAN GOLD & MINERALS FUND! He is obviously gunning for his beloved "Institutional Investors" only, he is NEVER going to link Fortress (A PR DISASTER) with his Fund, even if he wanted to! NOT HIS STYLE! Look at value in Fortress and what he may offer to buy Bouse and maybe, South Copperstone.
Knowing Mr. Lumb and his ambitions, there is NO WAY that this Fund will not be in the Billions, Market Cap wise.
FORGET any FFGO involvement in that Fund, any idiot will have advised him to keep FFGO a MILLION MILES away from that Fund. No way will his people "taint" that Fund by involving FFGO in any way.
Very hard to say, my hunch is that this could be the end, that they are now selling the Mines at Gold's peak pricing and walking away as heroes..............and a lot richer, time will tell. They are not pumping the stock, that is for sure, no Press Releases whatsoever! Could be gagged, is my guess. NEVERTHELESS, I best a zillion dollars that Lumb wants Bouse and he wants Fortress out of his life, I have read your postings, met the man; this would not be his idea of fun. Geez, he is arrogant.
people must just trade in and out of this stock AND if the "Lucky Number" comes in, well then everybody has a great Holiday Season.
I still believe that Mr. Lumb is VERY KEEN to get these Mines for his new Fund (or sell them) and if he does that, everybody here wins. The volume and activity surrounding this stock has got to be putting pressure on him to offer a decent price
Stephen Lumb and Alan Santini got "hitched" in a Civil Ceremony after 10 years together
Looks like FFGO wants to sell up, look after its stockholders, "redeem" certain people's reputations and move on
It would appear that that either of scenarios is now imminent, given the very obvious involvement of Lawyers, the filing of that huge Form 8-K, Legalese Statements, etc.
My guess is that a Statement with an 8-K filed one morning before the Market opens, and BOOM...........the Stock explodes.
MY TAKE : (1) Lumb controls this "vehicle". (2) He wants out because of it too small and a nuisance in his Portfolio (3) Lumb will give Stockholders "Top Dollar" because he wants a "clean slate" (4)His "Common Law Partner, Alan Santini was CEO, he will pay (OR DO) whatever it takes to protect him from his brief involvement with FFGO and (5) People like Stephen Lumb eventually become irritated enough to open their check books to make a problem go away.
RESULT : Stephen Lumb and FFGO Stockholders win, FFGO goes away, everybody is happy and THAT WILL BE THAT.
A WORD OF WARNING: I KNOW THIS GUY - Stephen Lumb is easily angered, attacks on either him or upon Alan Santini could result in a MAJOR BACKLASH from him. IN THAT CASE, his ever present High Priced Lawyers will SCREW US (LEGALLY) and his Spin Doctors will cover it up and do what they are paid to do.
I BET that his "Spin Doctors" are all over this, Lumb could not care...............but as for Alan Santini, Stephen Lumb will care...........AND PAY if necessary, but REMEMBER, he wins more by attacking and paying his Lawyers & Spin Doctors than Stockholders.
MORALE OF THE STORY : DO NOT ANGER THE MAN, he will react.
OK, HERE IS AN INTERESTING SCENARIO FOR YOU ALL : Let us say (I mean so say, let us Hope and Assume) that given Lumb's connections in Global Finance, he brings a "Whale" into FFGO Stock Trading. Not difficult for him at all, his Rolodex must be full of these type of Players, he is one himself).
Lumb cannot buy FFGO (FOR OBVIOUS REASONS), so he makes a call or two (without even disclosing any FFGO "Inside" facts to them, he just has to say "Could be an interesting play here, guys".
A "Whale" or two (or three) likes the "Punt" as explained by Lumb, then orders his Broker to buy say an amount US$500k of FFGO stock; an amount of cash which is less than nothing to these guys.
What happens to the Market Makers and to the FFGO PPS if that happens?????
AI
