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Forte Energy Share Chat (FTE)



Share Price: 0.035Bid: 0.03Ask: 0.04Change: -0.0025 (-6.67%)Faller - Forte Energy
Spread: 0.01Spread as %: 33.33%Open: 0.0375High: 0.0375Low: 0.0325Yesterday’s Close: 0.0375



Share Discussion for Forte Energy (FTE)


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knicol46
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:0.04
7.8m buy at full offer
Today 15:43
nice trade welcome aboard!
 
knicol46
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:0.03
1 year ago today
Today 14:37
the deal was signed..

FORTE ENERGY SIGNS JOINT VENTURE WITH EUROPEAN URANIUM RESOURCES ON SLOVAK URANIUM PROPERTIES
_________________________________________________________________________

Forte Energy NL ("Forte" or "the Company") (ASX/AIM: FTE) announced on 16 June 2014 that it had entered
into a binding letter of intent (the "LOI") with European Uranium Resources Ltd ("EUU") (TSXV: EUU) whereby
Forte will earn a 50% interest in EUU's Slovakian uranium projects. The interest will be held through
ownership of 50% of EUU's currently wholly-owned Slovak subsidiaries, Ludovika Energy and Ludovika Mining,
which hold the mineral licenses comprising the Kuriskova and Novoveska Huta uranium projects.

Forte is pleased to announce that the parties have now executed a definitive Joint Venture agreement on 31
July 2014 to replace the LOI and have mutually agreed to extend the deadline for payment of CAD$475,000 by
Forte to EUU to 14 August 2014, rather than 31 July 2014. Forte must sole fund a minimum of CAD$350,000 a
year on the Ludovika entities over the next ten years with the first year's expenditure of CAD$350,000
being an obligation.
knicol46
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
RE: Payment
Today 11:40
however if they did pay they get nothing anyhow until the licence is clarified. If management had common sense they would apply a simple extension payment will be made once licence clarified and last from 12 months from that point.
graham-wales
Posts: 17,998
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
Payment
Today 11:34
Unless they have agreed new terms if they fail to pay they will lose the 50% interest in Slovakia.
knicol46
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
RE: Knicol46
Today 11:30
from a previous RNS: the Company will review the Joint Venture structure with European Uranium.
Jarv55
Posts: 2,091
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
Knicol46
Today 11:23
The payment had better be withheld surely they will want to make sure they have a license before paying anything.
I just wish they would pull out of the deal and find somewhere more viable.
knicol46
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
RE: where are we going ?
Thu 23:21
Friday or Monday RNS expected. The next EUU payment is due Friday. I would assume this payment to be withheld until the licence situation is clarified. The payment is suppose to pay for the Exploration expenditure for the next 12 months starting 31/07/2015 which is currently to be clarified. During fiscal 2015, Forte has incurred and wholly-funded total expenditures in the Slovak Subsidiaries of $172,168, including exploration and evaluation expenditures of $104,011. Since signing the Agreement, and as at March 31, 2015, Forte has funded a total of $292,923 towards the first year minimum work commitment of $350,000.
Donke01
Posts: 13
Observation
Opinion:Hold
Price:0.04
View Thread (2)
where are we going ?
Thu 22:06
we were all expecting an update on the REE application weeks ago....we were told that the ministry requested further clarification on the application. surely if the ministry was going to refuse then they would have done so early doors. instead they asked for clarification on, what we can only assume was some finer point(s) contained in the application. Then we all panicked cos the Slovakian press were stating it had been refused. i contacted FTE and had an email from the comp sec stating `they would not comment on press articles and the market would be updated in due course`. that email was 3 weeks ago. in my view we will have an update either tomorrow or monday. don't ask me why i think this, i just have a feeling in my water....then again, cystitis does run in my family....come on, will someone else hazard a guess...?
nickg07
Posts: 732
Off Topic
Opinion:No Opinion
Price:0.04
knicol
Thu 16:45
heres a tip for you.

Aim is a disaster waiting to happen. I am not talking to you about FTE specifically, but in this game sell on a spike or get caught out holding while placings happen. Like you say your portfolio isn't doing fantastically. Unfortunately you can only learn this through experience but while 5% of people make 2-3 their money on the odd share, 60% will lose more than half.
sweepie2
Posts: 1,894
Off Topic
Opinion:No Opinion
Price:0.04
View Thread (2)
RE: Would jump back in
Thu 13:10
Still watching but it looks like all the cheap shares have gone as the latest trade was a blue meaning that it must have been struck around the offer, who knows maybe I have missed my chance today sadly though there is always tomorrow for FTE to cock things up LOL





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