FMJ 0.00% $1.00 fortis mining limited

why?

  1. 5,877 Posts.
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    Why is FMJ flying this week?

    Here's my thesis (and I think there is more to come too):

    * The "world class potash asset"

    * The two equity finance deals

    * The proactive nature of management to secure all of this in such a short space of time (and their proven success with MOT, STB etc.)

    * Small MCap still under 50mill even at 92cents

    (OK fairly obvious so far - here is what separates FMJ from many other blue sky nano caps IMO)

    * Brand new company. No bad history, no "stale holders" etc


    * VERY tight register (heck over 50% is held by top 20, and if you add in Madam Cheung, well over 50%)

    * Many other recent buyers are accumulating, there are not tonnes of shares coming back on the market for profits - yet.

    * Not much stock available - which all means...

    ANY small amount of good news will continue to drive the re-rate. Even a positive write up in a paper will bring new shareholders to the fold, and with not many shares available, the price will keep going, people can end up chasing the price (not so wise IMO)

    I have seen this a number of times before and happy to be proven wrong but think this may well happen again here

    New play, major blue sky, extremely tight register = fireworks

    All IMHO - DYOR
 
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Currently unlisted public company.

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