It's a bit of a punt if it is short sellers. High impact drilling currently underway - share price not that far from cash backing, possibility quarterly will show a profit as one off writedowns may not be repeated and high oil price and low aussie dollar during the reporting period with potential production upgrade as has occured for last few quarters and current share price near yearly low - in my opinion it's too risky to short and the risk is to the upside. The trading patterns could just as easily be accumulators - in any event we shall soon see.
FDM Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
