While I have followed professional articles and related short sales, it still is more than curious that gold and silver have not skyrocketed with the bad news. Some think silver is about to turn round big time as the investor shortage gets known. We shall see and that would help Frankie some. Comment?
'beentheredunthat' wrote "I can not see who would give them financing in this enviorment."
That is a big question to answer. You know what happened to big and smart money in case of SIL. George Soro's investment in SIL is down almost 90% that is equal to what most of us have already lost in FMNJ in percentage wise. I mean to say who in right mind can expect to commit his big money to FMNJ which is operating almost in the same environment of that of SIL and CDE?
Some body here should answer this question or we are bound to see the same PRs we have been seeing for the last couple of years. We are already close to bottom and I know FMNJ has to pay the salaries to the existing staff only by more and more dilution. Is it that we are going to be a company with trillions of shares and then do that horrible RS? What are the options left to move forward in such a situation for this company?
In addition to all the above the commodities are under downward pressure. If situation does not get better from here I am afraid there is little prospects for minors like FMNJ to survive this down turn. JMHP
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