Hi Alt, I can understand everyone's anxiety here and believe me I am worried also. I have over $100k invested here with a break even at 5.4c. I could bring this down on current SP but as I'm not totally sure what is happening with Forise I am waiting for more information. The board of FNT are keeping this close to their chest and not indicating the intention at this point. I do email them regularly but have not been able to find out anything overly useful except that I was told they needed in excess of AUD$1M for a drilling program at Bugalo and the CR's are not raising enough. We all know that Aussie investors in PNG dont come easy but also the Chinese only invest where they make maximum profits. As mention in my previous post, I dont know why they would want to buy out FNT for a reverse takeover as they could have grabbed heaps of companies for less. I maybe wrong and hoping I arent. We just need to wait and see. Dont forget you all will be voting on this and Peter and the board probably wont be able to and even if he did he only has 20%. I have noticed in the past that few people vote. This is one of those time when everyone needs to. They still need to go through the ASX who wont let them do anything dodgy (i would hope). Lastly they have options for 2.9c which they will need to excise to have enough shares for a t0tal take over. Not high enough for me but maybe for some of you. What we need is for the Bugalo and Muller programs to commence and some decent assay results. IMO
Just my view
GD
FNT Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
