Hi Tradeinman
I had an idea that would be brought up! Having been around here for sometime, and reading the opinions of a few shareholders, if anyone did have any info' from Bob Reynolds, it would be placed here as I just have. I was also on their mailing list for three years, but never had a single communication!
Sadly, it is a sorry state of affairs that after all the support given by many here, there has been no public notice for about a year. As you rightly noted, "The company continues to invest..."yada yada, but what in...certainly not FLPC?
I have written back to Bob after I posted this and said that FLPC still has (or had) around 1000 tons of Ore, (Probably coal!), so if his new venture...X2M needs some cash, then sell it off at any reasonable price, with it's low yield of less than 5% and put the cash into a more viable operation...if there is one. I also asked him if X2M will be an 'Active Mining Company' or purely a Consultation company?
My guess is it will be just the same as FLPC and a Website with all the bravado laid out in a similar manner but it won't work. If perhaps they join the SEC and become listed and sell shares, I'm sure that any Mining news will be able to do a comparison to FLPC seeing that the BoD will be the same, trading under X2M. I also know that FLPC will not stand a chance of renewing the Fencemaker lease...at any price!
Tradeinman...they won't be able to work a flanker for the second time! I may try to research the new Board Members and see if I can find their track records! FLPC was always nearly going to do great things until it fell apart at the last minute...Liberty Mill was one, the Filings was another and has to date failed miserably at high cost to most here?
If I hear anything else of interest, I will put it on here for all to read.
Regards. CE
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