cynget choosing resource deal for fut

Hi Frosty,

I hate the last few thread title's so started a new one.

Not sure about future holding its own shares back but Cygnet maybe.

They have had a rather solid interest in the company for sometime and obviously that is increasing. They are aware of the details of the project as they are the ones who are choosing it for FUT. As far as I know Cygnet have spent some time looking through several projects.

Their only reason to keep it down is to possibly allow more shares for their clients and friends. If so then this is a very bullish sign. As they keenly offered to accept options currently well out of the money and expiring in 6 months and to take a placement at 300% premium to the last placement.

Clearly Cygnet know more about the deals than FUT (except for Sam Willis who is both a Cygnet senior adviser and a FUT director). For FUT it will be all but a matter of putting a few signatures on a piece of paper and letting Cygnet handle the rest.

In a way it looks that Cygnet want to transform FUT into a smaller mining subsidiary for itself.


(Please no talk of golf on this thread.)