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birdmanz

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14/06/14

11:40

Post #: 13524340
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Originally posted by MarkyBoy49 ↑

If anyone out there has good contact to Peter McNeil (PM) please tell him to make the size of the CR and the timing of the “modest” CR immediately known!

By having simultaneously announced this week’s initially great assay results from Swit Kai and the fact that a "modest" CR will be needed “at some time in the future” to develop it, PM has essentially shot himself in the foot! By putting the “spectre” of a CR out there PM has only wonderfully succeeded in putting the brakes on any major increase in the SP as investors adopt a now completely understandable “wait and see” attitude.

Surely the idea should be to put out great assay results, have investors come in and buy FNT stock, see the SP rally and then make a CR at a significantly high placement price. In such a case the CR would then be based on new and sound fundamentals and thus be a serious and very attractive invitation to investors, both old and new, to invest in the tantalizing prospect of finally having an economic resource at not only Swit Kai (formerly Suguma), but indeed the entire extremely promising Bulago area, which is an even more exciting proposition. As long as the spectre of a CR is out there the SP will go nowhere and FNT will have to issue far more shares than they really need to. This only dilutes investors and indeed PM’s own shareholding which surely is in no-ones best interest and which should always be avoided at all costs.

Considering that this weeks announcement was essentially not only a game changer but indeed actually a company saver, now more than ever it is high time and extremely important to have a sound strategy going forward and to avoid making any further bad and highly questionable company decisions and putting the future of FNT and investors hard earned cash at considerable risk. Therefore once again my urgent appeal to PM and anyone with close contact to him: please make the size of the CR and the timing of the CR immediately known so that the SP can perform and reach the level it should.

Good luck to you all over the coming very important months!

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Issuing a bunch of shares at 1.2c in lieu of a lousy $20k fee was poorly timed too.....PM needs to think more strategically in such matters

FNT Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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