Champion news, how do shareholders benefit? Does Champion JV compete with Magpie? Can he sell Magpie and Fermont Iron Property as a package deal to give us dividends. We's appreciate some communication.
When will Smith give us dividends? Mr. Smith, the AGM is fast approaching, and having fun with your FNC hobby needs to pay us soon. For the US investors, Obama will be raising taxes on the wealthy, so this needs to happen this year, not next. Nothing personal Mr. Smith, as I'm sure you'd agree, it's healthy that shareholders keep a CEO on his toes with his priorities. Please do not relegate us as an annoying impatient bunch. Any current impatience shown on are part now, is the exercise of years and years of loyal patience without any type of dividend, where the only means of profit is to sell shares. I'd question what type of CEO encourages shareholders to sell shares of his company. Close Magpie deal because you have the ore. Mungall report indicated nickel at depth at McFaulds. You chose to go shallow. The success or failure to find nickle is based on your choices at this point. As the CEO it is your responsibility therefor yours for the blame or glory. Everything is riding on your salesmanship ability at Magpie and geological choices at McFaulds. This is your chance to quelch the doubters. This is your moment to shine. Do you become Friedland, Nemis, Mac, or... do things Peter out.
-sg
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Fancamp Exploration Ltd.: Fermont Property Joint Venture
1:24 PM ET, June 9, 2010
VANCOUVER, BRITISH COLUMBIA, Jun 09, 2010 (MARKETWIRE via COMTEX) -- Fancamp Exploration Ltd. (FNC) wishes to announce that Champion Minerals Inc. has earned a 65% interest in the 50% held Fermont Iron Property by making total cash payments of $1,000,000, issuing 2,900,000 common shares of Champion and completion of $6,000,000 in work expenditures. With Champion completing its earn-in, a 65% - 35% joint venture will be formed between Champion Minerals Inc.(65%), Fancamp Exploration Ltd.(17 1/2%) and the Sheridan Platinum Group (17 1/2%). Fancamp and Sheridan retain a 3% Net Smelter Returns royalty, one third of which may be purchased by Champion for $3,000,000.
-smith
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7bB1B9C570-9D5E-4C1D-87EF-B90BFCB72820%7d&symb=FNC