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Fortune Minerals Limited T.FT

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals

Fortune Minerals Ltd is engaged in the exploration and development of coal, specialty metals, base metals and precious metals, in the Northwest Territories and British Columbia.
Price: $0.105 | Change: +$0.02 | %Change: +23.53%
Volume: 644,707 | Day High/Low: 0.11/0.08 | 52 Week High/Low: 0.42/0.065
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5 stars

RE:RE:Fortune's Release on Arctos

well asked and answered South. I cannot argue with anything you have concluded, thanks for the input Letter  rate and reply
0 stars

RE:RE:Fortune's Release on Arctos

The Reality- Fortune took on RSM last year and dropped a few balls along the way. No turning back. RSM will soon be cash flow positive. Focus can now be on NICO alone. A brilliant deal today IMHO. JIM  rate and reply
3 stars

RE:Fortune's Release on Arctos

The Good  and   the Bad  and the inbetween. 1.  The Good   ,... The huge weight of  owing Posco 16M is gone.It very well could have buried us.      The Bad .....We never should have made such a deal....read more
0 stars

RE:RE:arctos now behind

What we do know is that FT has an additional $9M in the bank for general corporate purposes that it didn't have yesterday (and with the optionality to buy back the Arctos licences - kind of like a...read more
0 stars

Fortune's Release on Arctos

http://www.fortuneminerals.com/news/press-releases/press-release-details/2015/Fortune-Minerals-and-POSCAN-complete-sale-of-Arctos-coal-licenses-to-BC-Rail-with-a-10-year-repurchase-option/default.aspx...read more
0 stars

RE:RE:arctos now behind

ramping up the mine cost money, don't hold your breath, silver needs to go up for all to be jolly imo  rate and reply
0 stars

RE:arctos now behind

I think it is more likely that these guys are burning through cash and are running out of options. They will have to release their first quarter results and that will give us a clearer view of the...read more
0 stars

arctos now behind

have back-in option, get some cash, better off than yesterday. imo  rate and reply
0 stars

Arctos Deal With BC Government

There is a much better explanation of the deal and rationale for the transaction in Fortune's news release this morning. This project was not going anywhere in the near-term with coal prices where...read more
0 stars

RE:this is a hole in one

this one in a hole.??? Not a significant amount of money,  little happening and a flag ship lost Getting old waiting.  rate and reply
0 stars

this is a hole in one

nice.  rate and reply
0 stars

RE:RE:RE:Cash for Arctos !!!!

Thinking with the huge oversupply of coal and the super weak pricing that any further development was not going to happen anytime soon. In my opinion this buys Fortune and Posco some time while the...read more
0 stars

RE:RE:Cash for Arctos !!!!

Curious as to how Possco feels about this transaction; wasn't the original deal 30 million up front? This a far cry from 100 million touted by Troy in IR not long ago to me... Guess it does buy some...read more
5 stars

RE:Cash for Arctos !!!!

Reading $9 million for Fortune and $9 million for Posco. Coal licenses can be repurchased back for the same amount of money up to 2025. Nice option to have as we wait for met coal prices to improve...read more
5 stars

Cash for Arctos !!!!

For Immediate Release 2015MEM0011-000617 May 4, 2015 Ministry of Energy and Mines NEWS RELEASE Agreement secures opportunity for progress on shared...read more
0 stars

RE:RE:GuyinCO

the road to fortune, and the energizer rabbit, things are starting to heat up, maybe they could throw some silver into that battery  rate and reply
0 stars

RE:RE:GuyinCO

thank you for your response  rate and reply
0 stars

RE:GuyinCO

minerman77, My understanding is that the mine finally got thru the 200T/day goal a few weeks back and they are now approaching 300T. The 200T/day threshold has been a long time coming, but word is...read more
0 stars

Cobalt in Tesla's newly announced battery

Comment: The battery technology that Tesla currently uses contains ~9% cobalt by weight. http://www.businessinsider.com/here-comes-teslas-missing-piece-battery-announcement-2015-4?&platform=bi...read more
0 stars

GuyinCO

any chance of an update on RSM?  rate and reply