Fortune Minerals CEO on Bismuth surge and Canada’s Mining Policy

Cobalt futures pumped 63% last month, and Goad failed to even mention it. He's still saying that the price is suppressed. Who is giving Goad his talking points? He's like a broken record, always saying the same things, even when the situation has changed. We have crazed libtards firebombing Tesla dealerships, and Trump has made it even tougher on EV's by saying no to Agenda 2030 and the green new scam push toward EVs. We also have Tarriffs that can hurt auto sales of all kinds, but especially EVs, which are typically higher priced. So, Goad should not be talking about he needs to open his mine to support the Electric Vehicle push, because sales may flatten out and go down YOY.

No mention of where the SGS testing is, or why Fortune is behind on delivering results, even through they have Alex Mezei on staff now, and the testing should have gone smoothly - so why the delay? No mention of the FT price action. Nothing really said that the investor, or potential investor wants to know.

Maybe Goad doesn't want to mention the Cobalt spot price pumping 63% last month because the DRC export halt is only for 4 months, so maybe the Cobalt spot price just returns to baseline after that, but I don't think so. I think we've seen the low, and last month's pump is a signal through the noise. 63% pump in one month on the DRC halt! This tells you just how sensitive global Cobalt price is to any halt coming out of the DRC, and it's a wake-up call to diversify sources. Goad could have said that, but he didn't. What Goad did say was the same shit he has said in every interview for the last 20 years.

Why is my comment deleted? Everything I've stated here is true.

It's insufficient to get in front of the camera every two weeks and give a commodities price update. We know that. We can look at the spot price ourselves. It does Fortune no good to parrot public information. Tell us what you are doing to push your mine project forward. That's all we want to hear out of your mouth as CEO if the company. If you must mention the pumping spot prices, which is exciting, it should be upfront and short, and then get to your business - things you can control, because you don't control the spot price. Tell us when the Cobalt spot price exceeds your all-in mining costs. What is FT's "incentivize price" to mine Cobalt? I understand that we're dealing with mixed assets, but you should know the answer, and be able to report to prospective buyers how close you are to being able to dig economically. Why even talk about spot prices if you fail to mention when FT can mine economically? It's all nonsense with Goad

Goad didn't mention that Cobalt had pumped 63% last month. Is it just me who find this odd? Goad mentioned Cobalt spot prices as being still depressed. This is old and false news. The Cobalt spot price pumping 63% in one month is not news worthy? Not worth mentioning during his every two week commodities price updates? Wow. It's dereliction of duty.

Oh, YT doesn't like my comment about Agenda 2030 and the green new scam? Haha. Must delete - must delete. It's a fact though that it no longer makes sense to talk about EV battery demand, because you don't know how much demand there will be with higher for longer interest rates and new tariffs. I don't agree with the crazed anti-tesla public sentiment. I think people are brainwashed into commuting crimes and acting out in anger, and it's horrible behaviour, but it remains true that EV already had it's skeptics, and now sentiment has turned even more sour. I'm sorry if YT moderators don't like the new reality, but it doesn't change it. EV's, as a mandated government push, are dead. It's not happening. It's game over.

We just passed one million FT's transacted in less than 1 1/2 hours. It's time for bulls to wakey-wakey. If the bears can't push below $0.05 CAN, then it's trouble in bear land, because bulls will take over. You haven't even seen real volume yet. Just a hairball higher, and we break back above the triple moving averages, and then? Yes an den.

dang. 2.03 million shares of FT traded in one session. FTMDF down to .034 US. Chaos. CAN goes up, US comes down. There is no rhyme or reason, except that we're heading into increased volatility. But why? Why the increase and volatility? What happens next? bang-bang to the upside, that's what. old timers are on yahoo finance talking about the price won't move. I got news for these geezers - past performance is no guarantee of future results. The whole chart history until now has been bearish. If and once it turns bullish, new money will enter, and you don't know what's possible. I think, and I'm betting big, that the price does move briskly to the upside.

Geolith is failing to make the case that the mine won't move forward because the people work for the government don't like change. Really? Is that how you see it? Even if you're right about most of what you said, does that preclude Fortune from pumping in price? No, not really. So, it's mostly FUD (fear, uncertainty, and doubt). Fear comes from the devil, so always be weary of FUDsters. Cis surf reiterates "Fundamental Research's" price target of $.42CAN, but this is meanningless. They have no technical reason why $.42 CAN. Frankly, there's no fundamental reason either, besides this fact: Fortune is an option that never expires. At some point, musical chairs comes into play, and someone will get caught without a chair. I've see FT pump 100% in one trading session. You have no idea how FT can move if it really get's going, but I have a strong suspicion we're all about to find out.

No matter how deep into the order book the price stabs on FTMDF, you won't get mine. I have trolls saying "haha, I sold into you", and I'm like OK, no you didn't. You didn't sell into me, and I'm not selling. There's no limit orders in my account, so I cannot be stripped of my assets. It's never going to happen. Not even the bank failing could separate me from my shares. I sell when I decide to sell. It makes no sense to sell a position here, unless you purchased much lower, right? How many people have an average price below $0.05 CAN? I'm guessing not many. Fact is, there's very little incentive to sell your shares now, right before the fireworks happen. Why not wait and see what happens now that volume and volatility are entering? It makes sense to wait and see, which is why there is net buying, not net selling. I'll give it to you that so far, the price has remained stable, but one thing to note is that volume comes before price. There has been low volume, so the price action has also been muted. If and once real volume enters, price can go vertical. Just wait and see. And that is the whole game-theory as to why to own FT, rather than sell it. It's largely depreciated asset that has all manner of catalysts. Any number of which....

Mah, this is exactly what I've been saying. I have multiple posts here talking about FT and Transocean (RIG) should work together to refine deep sea nodules, and now Trump comes out and says we're going to collect and store conflict and battery mineral nodules on the deep sea bed. I'm telling you I must be psychic. RIG uses Bismuth to cap wells, and FT has 11-12% of in-ground supply, and the price is firing to the upside on China halt. We'll see what happens after 4 months, or if China halts at all, because since then the tariff wars have heated up, with China being the main protagonist - so we're told. We don't know the truth, only what we are told.

Charles Schwab reluctantly admits that the On Balance Volume (OBV) is rising in FT. Bloomberg came out with an article on FT on May 29th, 2024, and calling out the 118.2% YOY price increase in the stock, and putting it on their commodities traders' watchlists. Any Canada trade deal is going to include critical minerals, and Canada does actually have them, where Ukraine does not. Russia has already taken the area of Ukraine that had critical mineral wealth, and they ain't giving it back. It was NATO that keeps putting out the word to it's allies to take over some country under the premise of great critical mineral wealth, only to find out later that the NATO report was shame by the military-industrial and no critical minerals of any note existed.

We have multiple executive orders from Trump that support FT. Trump signed an order last month activating the Defense Production Act to boost domestic mining and processing of critical minerals, and making the US less reliant on China. Also, he just passed a new EO that builds a strategic reserve of critical minerals, like gold, Bitcoin, oil, etc, under the expectation of tightening supply due to tariff fight with China. Both of these events strongly favor FT. It puts the wind at the back of FT, because you know something big is about to happen. Everything is tilting in FT's favor. Cobalt spot was up 63% last month. Bismuth went from $7 to $37 just this year. Gold is testing all time highs, and Copper is also looking supportive. Not as aggressive spot price move in Copper, but bullish long term nonetheless, so it's supportive. So I can say all four assets for NICO are bullish to very bullish. FT price is still sitting at five cents. It's musical chairs time.

somebody just bought a million shares, and it pushed the price 18.2%. This is getting crazy now at .065 CAN. If we slip up to .075 and above, the price slips away from you. There's no more overhead resistance guys. You're about to find that out. $0.25 USD coming at you fast.

ft is currently up 27.27% today on 1.373M volume at 9:46am in the morning

Wow, crazy day. Up 25% ON 1.86 Million shares! I'm only down 10% on my AUR or average price paid, and I'l pretty much all long term. I'm ready to party. $0.075CAN was tested today. This is super sketch territory for the bears, and they need to be rethinking their strategy at this point. Go long seems to be the fait accompli

very late trade coming in, which puts us at +35.64% increase in price in one day. Anyone who claims FT doesn't really move has no idea what they're talking about. FT moves big time, but only when it's moving. There are long periods where it does fuck-all

Nice +25% last week. It seems FT is due for an update on the SGS testing. I'm in 5.03 million shares, and sitting pretty. No rush. If it pumps up at all from here, I'm in the money, and long term money. lets go!