The risk/reward metrics are looking increasingly better as we have the following: - 50m cash - c. 1450 bopd average production & increasing - 21 June exit from ASX 200 (which means that it will be unbelievably difficult to borrow the stock to short from that point)
I have been following mad for 3 yrs & the metrics now are the best they have ever been... Just think back to the last time we were @ 30-odd cents & compare now.
IMO only - but look what happened to Linc Energy (LNC) when it was removed from the ASX 200 - 60c to $3 in a heartbeat
FDM Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
