FEC Resources Inc. (FECOF)

[styl]

very good post downsideup,


the only thing is like most on the board you seem utterly convinced that since they "philex" financed fecof with 2 million dollars at .50 cents a share, they must then be worth that 50 cents a share. I'd like to believe that as fact, and although I dont rule it out, The truth is that 2 million is a drop in the bucket for them and fecof is their majority owned company that they "maybe" didnt want to dilute any further or because of legal issues or strategy, couldnt dilute much more.

either way.......I do believe this company is worth more than 20 million but I dont know what the profit margins in their holdings will be....Philex at this point is a much easier company to analyze with their p.e..........the waiting game with lack of updates from the company is frustrating to long term investors. A confirmation, here and there is long overdue and neccesary. Keeping shareholders in the dark is not a good business practice and makes you wonder whose best interest they really have.
GLtA