Price management, page-6

I agree - watching this decline in SP has been very painful indeed.

VH has been pretty consistent throughout these threads I'm afraid, not that I've always enjoyed his commentary as his predictions/forecasts have been quite sobering.

I still maintain the view (founded or ill founded) that this business has the potential to shine - however further working capital is inevitable and will need to come from somewhere (production sales, WF Facility, CR). I am not convinced any of these are a fait accompli in terms of which one(s) will be employed as yet due to the fluid state of the operation and things could change quickly should a transaction be secured and/or production rates solidify.

Unfortunately I think we will still have a degree of uncertainty around the business for another 3-4 months whilst the new executive work on sure'ing up the co's future strategic direction which from my reading will be a combination of continued drilling and expansion (the later which I believe will require further capital of some sort).

In the meantime however we S/H's remain exposed to the uncertainty this generates with the obvious flow on effect of a volatile SP whilst so many of these questions await answers.

There has been much recent trade press around businesses in this sector such as FDM, highlighting the exact scenario we are witnessing. I feel FDM is better positioned than most and with strong and decisive management (and a few favorable outcomes) should trade though these times and allow it to realize its full potential.

Again founded/ill-founded - this is all IMO