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Fort Financial Group, Inc. (FFGO)
With the rising price of gold FFGO is facing the fact that the value of the sale transaction dividends to shareholders could potentially climb as high as $0.00371 per share or more. The original price guidelines announced on May6, 2010 were based on a gold price of $1,050/oz. At $1,250/oz the value to shareholders would be increased by 19% and if the price of gold continues to climb to the $1,300 level the additional valuation would exceed the original price guidelines by nearly 24%.
FFGO Highlights
-FFGO has settled an additional US$1.52 M in its Long Term Debt. The Company has, this year, now retired a total of US$2.420 M of its Long Term Debt.
- FFGO has reorganized and expanded its "South Copperstone" Gold Interests, resulting in a contiguous block of 24 lode claims resulting in significant additional value having been created in the value of the Company's stockholding in its "South Copperstone" Gold Property ahead of the completion of the sale of the Company's interest in this Gold Property along with its interest in the "Bouse" Gold Property.
- FFGO recently completed its audit that now permits the Company to declare Dividends going forward; following the completion of the transactions to dispose of its Gold Interests as previously announced
- Gold Prices are reaching $1,230.41 per ounce, FFGO stands to gain very strongly from rising gold prices.
AI
