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21/08/18
11:37
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Originally posted by DADS55
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I'm not sure this will do much for the sp. The 30 day number is about where it is expected to be. The last capital raise smacked of desperation (and nepotism)and in those circumstances you attract the opportunist. "Sophisticated"but not in the way that is going to promote a long term view.I think new holders from the last 2 capital risings will be looking for a short term gain.....that's a couple of hundred million shares to churn through. And when you look at the daily volumes over the last few months there really hasn't been any volume. So I think the sp will mark time for a for some time. (would really like to be wrong) And I just can't see the 30 day numbers being the catalyst to generate volume trading. FDM has now become massively under valued in my opinion but in this market I'm not so sure that this discounted value will appeal to the "sophisticated" investor. Whatever that may mean
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Agree on all points DADS55.
The CR will require a long slow recovery unless volume picks up. Positives to draw upon are the BOED look fantastic, constantly drilling from now on, Wells money to come into play soon.
Onwards and upwards