They have £1.1 million in outstanding loan notes so well over a billion shares to convert. Not sure they would be shorting at the moment, FTE are going to need to announce something very special to allow them to sell them in the market as they will not want to keep them for any length of time.
really telling me that you all thought this was a top share to hold only because of the Slovakian exploration licence?
Given that it had already been rejected you were all still swearing blind that the company was grand and that Uranium prices were destined to go up and the company would be sitting pretty. As I asked last week, what other assets do they have and how much uranium is there to be had?
Agree with you on that. The company should now update the shareholders on what is actually happening with other projects, if anything is happening. As I said before, imo there is no point waiting on any action in Slovakia, even if they get other licenses. I lived in Czech Republic (which is in essence the same as Slovakia) for 23 years and the mentality is such - more petitions, no ground digging, it's their holiday resort. If FTE brings some updates on other prospects we can start looking at some recovery. However, I'd like to be proved wrong with this Slovakian escapade, it might surprise us after all
The difference between last year's low and Darwins agreement was they used the Slovak project "potential future acquisition" drip feed to manipulate the share price and buying pressure. They spent a whole year drip feeding the ASX suspension awaiting further details of acquisition.
What exciting prospects do FTE have now? Genuine question because I'm not aware of any
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