U.S. tax extension due monday

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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stock greed

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U.S. tax extension due monday

posted on Oct 13, 2011 02:06PM

For many folks in US, withholding cash from gov as long as possible is the norm strategy. Tax extensions are now due this monday.

I know of a few FNC shareholders this week who've had to sell off to pay taxes. They regret two things: 1) one they know FNC is releasing assay info next week which will likely double current SP, CHM rises due to news while we linger due to lack of news that they hoped would have been released last week.

One can only assume Smith is waiting to get a complete assay report and not a partial one. I can see no other non-consipiratorial strategy for delay at this point. Smith said he wants to capitalize on Champion's momentum, so it's more likely waiting for full assay as opposed to allowing major to buy in first.

My consideration now is: would it be more advantageous to release a barn-burner assay or at least an assay confirming that we have have on Lac Lamalee what we also have at Firelake around the time of CHM's NPV as opposed to now. My answer is do both. Release infor now, then more infor again, and again, until NPV. Concurrently, he can release Magpie assay and data.

Result: big money sees us as an Iron investment in three areas: CHM/FNC Fermont, Lac Lamalee Fermont, and Magpie.