I get reasons for the price not reflecting the value long term holders and mangement see.
i also get that the volumes are tiny in any sense.
But this constant gradual grinding down of price when there seems to be generally ok to good news and a sensible plan for delivering value beggars belief. Why would even a trader/small holder sell out at unde 9 cents when there was a recent credit raising at 15 cents that most thought too cheap?
We now have more oil being produced with oil prices going up, with access to cheaper capital and more oil on the way with potential for a lot more oil. And fortunately the capital is linked to oil reserves not the share price.
Very odd. I cannot see a reason for price manipulation. But I cannot see why people would sell so low.
FDM Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held