Thanks Cu5FeS4, and I agree with a lot of what you are saying. The non granting of Sinivit definitely hurt FNT. It pushed us below the SP prior to the application and Peter is still unaware as to why it was refused. (I emailed him). Whether it was because it was leading into the election or whether there was a particular box we didnt tick we dont know. One thing still in our favor thou was that the village people voted for FNT and that still stands. If Munga River can not turn that decision around it will be back in out court. Im not counting on it but a little hope wont go astray. I also agree we cannot house too many tenements as we dont have the finances to work them all and having potential JV's for several of them is a positive move forward but yes, they need to see results and potential. We have a lot of data on Bugalo, almost 10 years worth sand some great grades so Im sure there is enough there to entice Anglo but again we need to sit back and wait. JV's take a lot of time and deliberation and Im not expecting anything solid until next year. Tolukuma is the new wild card. the first two steps have been completed. Now we wait for the wardens recommendation to the MAC and the ministers decision. This was a great pick up by Peter with known mineralisation. Some one at Tolukuma mines limited would have got in big trouble for missing this renewal and now they are second in line to re-acquire indicating to me that there is potential here or they wouldnt want it back. If granted we will share a border with Rio (if they are granted) which again gives potential JV's. Either with Tolukuma Mining or RIO. All up I can see 4 potential JV offers here and we only need one to punch above 10c. (IMHO). There are also several other projects still in play also which I'm sure we will be exploring in 2018.
Yes a lot if if's and whens and maybes but that's what we bet on at the low end of the market and the chance you take for a big gain. There have also been several nonsensical down sells over the last 6 months for reasons unknown which haven't helped. Nevertheless, there are still buyers and we filled the SPP so there are those of us willing to take the chance and support the current projects and acquisitions.
As to my comment that it no longer concerns you, I was referring to the fact that you have sold and it makes no different to your holdings. Yes you maybe interested for future buy in but that's market research not concern over holdings. I have a sell out point also plus a desired point and a "you beauty" point. We all do. I dont tend to pull out every time I get in the red but everyone is different. is all a game of chance with either a devastating outcome or major pay day.
good luck with what ever is your decision in the future.
GD
FNT Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
