I can understand the downward price movement to the placement price of 31c. It nearly always happens. The fall below the placement price suggests a lack of confidence in the company. Despite the good noises coming from Yeager, the market awaits tangible evidence of a company on the improve. To be frank, I have no idea what to expect in the quarterly report re production numbers - up, down, sideways, who knows. What I will say in general terms is that Yeager has probably no more than 6 months from now to prove this company is a worthwhile investment. And don't expect any short term price recovery, unless we get positive market announcements.
FDM Price at posting:
29.5¢ Sentiment: None Disclosure: Held