That might get some attention. Based on my experience with Cressent via KING I am very skeptical of any claims these guys make. What they claim regarding Cressent is either not true or the acquisition would have been quite costly. A O&G property like the 6 well package they claim Cressent has is worth north of 30 million in today's market and at is not even counting the other properties they claim to have. How did they get it from KING? How come there has been no disclosure of terms? KING owned Cressent for 6 months and not one PR, the year end financials showed no money and a 17 million tax loss that was already part of KING, why would they suddenly sell out to FOGC? All of this O&G developments didn't suddenly happen overnight KING management would have had to have known all of this? Why sell for nothing as it appears they did?
Than today it suddenly has a marque mining property? What happened to the Lithium properties in Argentina?
Assuming the mining property is even real who is going to pay the millions it takes to get it to where a 43-01 compliant report is going to be issued? What metal do they plan to mine there? You don't mine everything at the same time, the processsing is different?
I am finding all of this very hard to believe. Also the stock price is not rising on heavier than normal volume? Seems like a pump and dump to me. Since Mini Me is the IR firm for both and likely controls the preferred shares in FOGC and KING I am very suspicious.
They very well may pump it up but I'll be shorting while they do, just can't see a happy ending here. I think this one will see heavy dilution over time.
Good luck to everyone but be careful!
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