Fortune Minerals Ltd.

FT-T

Analysis and Opinions about FT-T

Signal
Opinion
Expert
COMMENT
COMMENT
January 16, 2018

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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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.

COMMENT
COMMENT
November 17, 2017

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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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.

COMMENT
COMMENT
July 14, 2017

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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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.)

SELL STRENGTH
SELL STRENGTH
January 20, 2014

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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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.

BUY
BUY
December 29, 2011
Would consider for a trade but only for a tax loss trade. Otherwise he is negative on it.
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Would consider for a trade but only for a tax loss trade. Otherwise he is negative on it.
STRONG BUY
STRONG BUY
January 12, 2011
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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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.
HOLD
HOLD
December 22, 2010
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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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.
DON'T BUY
DON'T BUY
October 18, 2007
It could be in play, but at a much lower level. Too expensive.
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It could be in play, but at a much lower level. Too expensive.
TOP PICK
TOP PICK
September 24, 2007
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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Fortune Minerals Ltd. (FT-T)
September 24, 2007
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 $25 million in cash. Trades at about .4X NAV.
BUY
BUY
May 1, 2006
Coal stocks have not been doing that well over the last year, but he still likes this one. The price of coal has dropped a little and the Cdn$ has gone out which doesn't help. They have billions of tons but are not producing yet.
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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.
PAST TOP PICK
PAST TOP PICK
December 22, 2004
(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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(A Top Pick Nov 1/04. Up 46%.) The real key to this is the coal property. Very attractive at this price.
TOP PICK
TOP PICK
November 1, 2004
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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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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