On one hand I expect them to manage the share price to some extent. This means if they have any information that supports a higher price or defended the recent 31 cent "valuation", I wish they would provide it.
On the other hand, why would they. They could claim they have disclosed all they can and intend to disclose more on reserves as soon as they can.
Also, what is the gain to long term investors of trying to hold up the price?
The main one of course is that it stops them selling out at the bottom.
When I look at the broker report and the presentations by Yeager in April and associated valuation or predicted price growth and sale of shares at 31 cents, once again, the board could quite rightly they have done all they could and should. Any more would be ramping.
It is a very frustrating situation but I still cannot convince myself that the current share price represents anything but a worst case or fear based price for traders.
Go back and look at the broker report from mid April.
I think I am holding based on logic. But still losing.
FDM Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
