Replies to post #7922 on FEC Resources Inc. (FECOF)

[irishintelligence]

I went back to late 2013 and did not see anything as deep as what I posted.

Moreover, Philex owns 51.2% of FECOF and 60.49% of FEP.

Philex can simply sell the FEP shares owned by FECOF to itself claiming that FECOF needs the cash.

FECOF was probably set up to be a sweetener for a JV, but now FECOF is nothing more than a slow bleed to benefit Philex. And Philex can blame china. This is somewhat brilliant, yet I cannot imagine it is legal.


II