Note June 6, 2017: this company was renamed Rockwealth Resources and there has been a 10:1 share rollback. Coverage is discontinued.
Showing posts with label Base metal junior miner. Show all posts
Showing posts with label Base metal junior miner. Show all posts
Tuesday, 25 October 2011
Monday, 27 June 2011
Formation Metals: Time for reflection
Note: Please observe that you are reading a June 2011 article, which does not reflect the present situation any longer.
Formation Metals quotes on TSX (Symbol FCO - FMETF on AMEX pink sheets - FCO.TO on Yahoo)
Long time shareholders have had the hard time the company has. After the permitting process took over five years, the Canadian mining company needed looking for cash under more difficult circumstances. About 14 years after the first drillings on the RAM deposit in Idaho, there is finally an outlook for actual production. Mine construction is ongoing but output is not expected within another year. Retrofitting the hydro-metallurgy site near Kellogg has started to enable the cobalt production facility, which will be delivering cobalt with the highest purity.
Formation Metals quotes on TSX (Symbol FCO - FMETF on AMEX pink sheets - FCO.TO on Yahoo)
Long time shareholders have had the hard time the company has. After the permitting process took over five years, the Canadian mining company needed looking for cash under more difficult circumstances. About 14 years after the first drillings on the RAM deposit in Idaho, there is finally an outlook for actual production. Mine construction is ongoing but output is not expected within another year. Retrofitting the hydro-metallurgy site near Kellogg has started to enable the cobalt production facility, which will be delivering cobalt with the highest purity.
Tuesday, 15 June 2010
Formation Metals opnieuw een penny-stock
U leest een artikel uit juni 2010, laatst aangepast in oktober 2010: de geschetste situatie en vooruitzichten verschillen van de huidige.
De intentie van de 7:1 reverse split was om een notering te hebben boven $1.50, waarmee het aandeel op de radarschermen van grotere investeerders zou komen en dus tot de ‘investable category’ behoren.
De intentie van de 7:1 reverse split was om een notering te hebben boven $1.50, waarmee het aandeel op de radarschermen van grotere investeerders zou komen en dus tot de ‘investable category’ behoren.
Terwijl de ‘reverse split’ al werd voorafgegaan door een afglijden van de koers, ging het sindsdien van kwaad naar erger. Ondanks de ‘mining permit’ en de start van de ontginningswerkzaamheden, hield het vooruitzicht op een kapitaalsverhoging de koers blijvend onder druk.
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