Billmitch...just think about this for a moment. The AS Increase and creation of preferred are for probably various reasons. This company has more on the table and not just Fencemaker. Is it possible that they need additional shares for future endeavors with the lithium mines? Has the officers awarded themselves with millions of shares for compensation of back salary? How many junior exploration companies have you seen come this far with the current size of AS?
Even with the news of a shareholders meeting to take place to vote on increasing AS, Group 8 who owns 86 Million shares, stepped up to the plate with 1.5 Mil to get the mill funded and completed. They have a lot more riding on this than us combined. Does it seem like they want to piss their money or shares away? I really don't think so. Understand Stockpile Reserves vested interest in the Fencemaker project, which is why they are working like gangbusters to get production going.
Is it safe to say there is more than meets the eye? If the above groups were not involved in this venture, I would have bailed once I heard about the AS increase. When I started doing more in depth diligence after this news broke, I started realizing the vested interest of others into FLPC, which was much much more than what we had at stake.
Take it for what it's worth, and make your own decision. Whatever it may be, I wish you all the luck. Could the PPS go down in the immediate future, heck yes it could.
How many lithium producing mines are there in the US? What would you think the cost would be to bring a mine into full production? Some of us have thought Fencemaker was a stepping stone into lithium. I still do. Again I ask, how many lithium mines are there in the US?
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