Re: fnc Financings

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Justice

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Re: fnc Financings

in response to

Re: fnc Financings

rago1

posted on Jan 22, 2010 09:14AM

I think the point Goldbullman wa trying to make was the FNC has done a lot of FT financing on onerous terms. Usually FT is done at a large premium to the market, without warrants and paying commissions great deal lower. The net result is that the shareholders loose, the bankers win and the project(s) sold short.