I was concerned with the lack of news and it is positive that a status report came out. I would rate the report as a 6/10 in that there was minimal negative news but the positive news was muted owing to drilling issues - still a work in progress but some promising signs.
There are issues in taking a cohesive small drilling company and expanding it quickly into a larger enterprise with new personnel and equipment. Some problems happen but c'est la vie.
I still see the glass as half full. To summarise I have a positive hold. Their big plus is that drilling success is converted to dollars tout suite.
FDM Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held