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Tar2018

138 Posts.

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13/06/20

22:18

Post #: 45207150
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Originally posted by cashmaster: ↑

This management team is the worst one can hope for! I bought into this stock in November 2017. It used to be called Marindi Metals (MZN). This company acquired a tenement in the Pilbara region in 2017 when conglomerate gold nuggets were discovered in the area and it sparked a rush for tenement over there. They even showed us a gold nugget they have found but it all amounted to nothing (zero). Today, that Pilbara tenement is not even mentioned in their quarterly reports.

They consolidated 60-to-1 and changed their name from MZN to FFR but they have not been able to maintain even the consolidated price of 0.060 (which was equivalent to 0.001 pre-consolidation). Most junior gold explorers are having a great time but not these guys -they appear to be sound asleep on the job! Very soon they will come back to shareholders to raise another capital with no results to show for the previous raise - very pathetic! My holding was consolidated and it's worthless now so no reason for me to sell, otherwise I would have been out a long time ago. Watch out folks!

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Exact same story. I wouldn't mind if the stock was doing bad if the management were at least making an attempt to find something.
Simon Lawson has turned out to be a flop in my eyes.
Some great hype surrounding him and his experience when he first came on board but has done nothing different than the last guy.

Last edited by Tar2018: 13/06/20

FFR Price at posting: 4.2¢ Sentiment: None Disclosure: Held
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