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The reviews from different experts paint a bleak picture of Fortune Minerals Ltd. The stock is highly risky with a small market cap, significant debt, and a lack of revenue or profitability. Despite receiving some government funding and collaborating with Rio Tinto, the experts do not see a positive outlook for the stock. Overall, the consensus is that Fortune Minerals Ltd. is not a promising investment.
He met with management 7-8 years ago. The difficulty is that it’s been around since 1988 and revenues have always been a difficulty. They have no production. Expects there to be quite a bit of dilution. He doesn't invest in companies without revenues.
Cobalt. He was told to wait for the very high quality nickel, as the battery of the future will be nickel, lithium, etc., which gave him a sense of cobalt receding a bit. They are also big in bismuth.
This has a large cobalt deposit. A good deposit mixed with bismuth, which is used in the treatment of metal. The company has struggled for years as mining companies do. It has managed to raise some money and is in a strategically choice area. (See Top Picks.)
Is getting momentum from cyclical behaviour from others in the sector. It has been in a downtrend. It is a good idea to get out in the next rally.
Fortune Minerals Ltd. is a Canadian stock, trading under the symbol FT-T on the Toronto Stock Exchange (FT-CT). It is usually referred to as TSX:FT or FT-T
In the last year, 1 stock analyst published opinions about FT-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fortune Minerals Ltd..
Fortune Minerals Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortune Minerals Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Fortune Minerals Ltd. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Fortune Minerals Ltd. (FT-T) stock closed at a price of $0.025.
FT market cap is a highly-risky $22M, and shares are down 44% in the past year. It has $9.2M in debt which adds even more risk. We are generally not in the habit of suggesting 4-cent stocks. It did recently receive $714,500 in government funding but this will not go a long way. Insiders own 6%. It has no revenue, has never made money and has negative cash flow. It is 'collaborating' with Rio Tinto, but we would not expect a buyout here and would not endorse it.
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