FORMATION CAPITAL CORPORATION- $900m in Cobalt finds Message Board

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Gold/Mining/Energy : FORMATION CAPITAL CORPORATION- $900m in Cobalt finds

FCO 9.420

+0.1%

Aug 6 5:00 PM EST

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To: s jones who wrote ()	11/7/1997 5:00:00 PM
From: Mark Melanson	Read Replies (2) of 87

Hi S. Jones, I have held Formation Capital since 1993 and its initial run to the $10 range. Stopped buying for a couple years while it slowly wended its way back to $1. Lately, I have been buying again, because of its potential. The Idaho play in particular is very advanced and surrounds the Blackbird mine. My gut tells me that the winter drilling about to happen on the carefully assembled Manitoba properties will reward me for my patience. Well-diversified, well-managed. No promotion. Thats the problem. These guys just don't promote. Aside from bring Grandich on board, I haven't heard boo. Interesting to note that management holds approx. 20% of the float, and with 10 - 12M outstanding, tight floats lead to big gains. Me suspects somebodies accumulating huge at this point.

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