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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

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.

Consensus
Negative
Valuation
Overvalued
DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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precious metals
COMMENT

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.

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COMMENT

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.

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COMMENT

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.)

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SELL ON STRENGTH

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.

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BUY
Would consider for a trade but only for a tax loss trade. Otherwise he is negative on it.
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STRONG BUY
Have both a coal and cobalt deposits in B.C. Trying to surface value from the coal deposit through a joint venture or something on those lines. This will give them financing for their cobalt project. A lot of value and stock should move significantly higher.
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HOLD
Big coal deposit up north and will be going into production with tungsten and gold, which should generate some cash flow. A lot of acquisitions in coal so this could be a target eventually. Good story to hang on to for the long term.
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DON'T BUY
It could be in play, but at a much lower level. Too expensive.
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TOP PICK
A deep value play. Have 2 key assets. Coal deposit in B.C. valued at $150 to $250 million. Gold/cobalt play in N.W.T., which is worth about $150 million. Has $25 million in cash. Trades at about .4X NAV.
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BUY
Coal stocks have not been doing that well over the last year, but he still likes this one. The price of coal has dropped a little and the Cdn$ has gone out which doesn't help. They have billions of tons but are not producing yet.
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PAST TOP PICK
(A Top Pick Nov 1/04. Up 46%.) The real key to this is the coal property. Very attractive at this price.
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TOP PICK
Has a cobalt bithumite property in the North West Territories that looks extremely promising. Is really excited about their anthracite coal project in north west BC. Significantly undervalued.
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Fortune Minerals Ltd.(FT-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Fortune Minerals Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Fortune Minerals Ltd.(FT-T) Frequently Asked Questions

What is Fortune Minerals Ltd. stock symbol?

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

Is Fortune Minerals Ltd. a buy or a sell?

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..

Is Fortune Minerals Ltd. a good investment or a top pick?

Fortune Minerals Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortune Minerals Ltd..

Why is Fortune Minerals Ltd. stock dropping?

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.

Is Fortune Minerals Ltd. worth watching?

1 stock analyst on Stockchase covered Fortune Minerals Ltd. In the last year. It is a trending stock that is worth watching.

What is Fortune Minerals Ltd. stock price?

On 2024-03-28, Fortune Minerals Ltd. (FT-T) stock closed at a price of $0.025.