Big Al, Trader Rog discuss Formation Metals with Rick Honsinger
Formation Metals, with construction going on at the cobalt facility in Idaho, is also involved with Cameco in a uranium project.
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HI Matthew,
Yep, I too think it is a good long term situation.
Big Al
The company is our “Stock Trade Of The Week” in Trader Tracks. We have had them in sight since our tour last August. Big Al arranged this interview and I am pleased he reminded me to get busy and re-cover Formation Metals- Traderrog
Big Al: Don’t want to sound like a broken record, but did you perhaps locate a few brokerage firms that participate in direct registration? I haven’t just taken a haircut on mining shares, I’ve taken a bath and this is beginning to bother me more than I care to admit.
Sorry Tommy John,
Had to go up to Vancouver. Will definitely do this tomorrow.
Big Al
Oh darn…was going to comment. I talked to Rick on Friday and we had a nice conversation. I own Formation and think it’s one of the best mining production stories out there. I was going to give a bit of info on it, pro and con, but no time…in short, fantastic. Looking to add more to the position.
Thank you Al, Rog, and Rick. I like Formation and own it. Current market cap: $52.64 M; cash in the bank: $54.72 M. I’m still a buyer on dips.