posted on
May 23, 2012 01:35PM
HY6, stay on target. Major resource companies think long term, hence the billions poured into Quebec alone despite the suspected ponzi scheme that the financials seem to have created. Champion will be bought. McFaulds will get transportation built and that will
cause consolidation. Magpie will get an IPO and Smith will give dividends and FNC will reflect the spun out asset. At least one property will get an Offtake buyout -be it Fermont or Magpie, or both - which will create real numbers to base the Marketcap evaluation.
Smith said the timeline for Magpie IPO remains on schedule for end of June or sometime in July.
Champion is now out of Peter's hands, so the IPO and grassroot assays are the only things to focus on. Champion is about to smash up to $3 and we along with it.
I like that Raymond James and Larsen have a piece of Fancamp and both will highly disapprove of moves that cause delay or don't bring profit,
due to CEO control itssues. I like that Granger and Smith have been at odds as it keeps Famcamp managment lively and on their toes. Smith may take a vacation, but you know he'll be in touch -there is way to much new blood and differing objectives to comfortably disappear for a spell. Also, RJ's write- up is about to come out, and this creates a tick-tock time pressure for those large investors who've been sniffing around a while trying to get a large chunk while FNC is sub .30c. I've been hearing Offtake buzz on CHM side. These deals take their time and is often not in the best interest of the CEO to push too hard. So our CEO's need to plod on with the ore and wait for the offers reach stages of confidence before a signing. If a signing is on the brink, I wonder if Mineralfields will raise a piece of their chunk higher than a .40c sell point. Again, it's that tick-rock sound reverberating around Fancamp,
Magpie, and Champion. Are their any other large hareholder who want to let go under .50c? There is confidence of Fancamp SP multiples. Will it be in a few weeks or a few months?
Let's all be glad we're in the know about this company and enjoy our summer news releases.
-SG