Replies to post #16769 on Franklin Mining, Inc. (FMNJ)

[imanjen13]

I agree that it is possible that Gregoire and Jaime formulated a plan to divest Franklin of its oil and gas division to concentrate on the 3 mining projects during the recent visit. Maybe Gregoire then returned to the US and spoke to some of the investment bankers or Oil and gas players that he knows. I also note that the release states the company has received a Proposal rather than using the term Offer to buy. It is also possible that the Proposal may be a hybrid involving the purchasing of Franklin's rights to build the two gtl plants and perhaps a kicker on the profits once the plants are generating income for the builder. In any event, it is nice to see that the company is still working on developing a viable business plan. If there is a dividend involved, there may be a time frame for purchase before the company announces its decision to own the shares before the X dividend date. All speculation on my part so don't go to the bank yet.

[Trueheart]

Hey, Tricky. Yep, saw that post on Etrade. It's pretty much what most of us were thinking, that FMNJ's deal in Bolivian GTL would be sold to an interest that has the financial wherewithall to complete the project(s).

Good stuff. Now, like Imanjen, I think they should apply the proceeds to mining and we're in business at Escala and Pulacayo, eh? (we are Canadian friendly).

The real deal here, of course, is that the "offer" is real.
And can be accomplished immediately. We shall see.

Trueheart