ECHO115:
Your words will fall on stony ground, but they are factual. Probably the only other person on this Forum that can actually see through what these guys are up to. Many here are blinkered to the real world of FLPC. It's a name, nothing more. The last cash count was about $50K, and you are right about the Capital Lending.
Putting it into context:
1. No profit since inception.
2. No sales AT ALL.
3. Millions of £ investment cash gone...on what? They achieved
nothing except a couple of detonations and 1000 Tonnes of Ore
done to justify them being called a Junior 'Mining' Company.
4. IF the Mine was full of Antimony, why aren't other Mining
company's swarming all over it? Because it's been Mined TWICE
and it would cost a a fortune to get out the small value it
contains. It's almost certainly not viable. It hasn't been
touched since c1985!
5. They simply DON'T have enough spare cash to maintain ANY
Mining Program at all, and they MUST have cash flow to prove to
ANY Lender they can service the debt. With no Profit figures
available, they are on 100% hiding to nothing. It will NEVER
happen and NO BANK will lend them any money. I bet they wouldn't
put their property's up as Security as sure-fire proof they
intend to Mine!!
6. If they had ANY significant cash, the Law would almost
certainly demand they use some to settle their debts. Sadly, it
appears that FLPC is simply a Scam and a lot of people have
fallen for it.
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