Nando, I can't give a reason to others as this would be an unlicenced advise here. You should know that.
However, I am happy to hold for following reasons:
1.Possibility of oil reserve upgarde.
2.Qtr production oil growth which hopefully next qtr or the one after may take the company to be cash flow positive.
3.An exploration prospects of Edwards Reef.
4.Listing as an ADR (American Depository Receipts) in US which should bring an American investors into the company. They were meant to be finalised by the end of 2013 so they should be out any day.
5.More positive news in relations to High impact in Blue Ridge.
6.M.Yeager.
There is a few more reasons but I will tell you one thing (and I have said it before): I will sell it all if M.Yeager sells his parcel.
I hope you did not sell at loss this morning.
chart - one for the watchlist, page-21
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Add FDM (ASX) to my watchlist
Currently unlisted public company.