FDM 0.00% 1.1¢ freedom oil and gas ltd

Sorry, I should add that my language to Nando was too strong...

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  1. 2,257 Posts.
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    Sorry, I should add that my language to Nando was too strong when I said he was showing his "ignorance". Nando - I apologise for the use of the word and I totally understand how frustrated one would be if you've been following and holding stock in this company since 2011. The point is that MAD is now a different company and the key players behind the initial float i.e, Simmons and Henrich, are long gone. Yeager foolishly made the mistake of promising to double the share price and production when he first arrived and I genuinely believe as he developed a better grip of the company, it became apparent to him that he needed to totally change tact as he was managing a "no future" company. Hence growth by acquisition strategy became the way forward as there was no other option. Once this strategy was communicated, it was as obvious as day that Blue Ridge and the other leases were merely window dressing as the company sought out acquisition targets and performed due diligence. Meanwhile, Yeager put in place systems and a management team that would help expedite the acquisition process, including finance. So, in my humble opinion, we now have a jigsaw puzzle that is a few pieces away from completion. I'm grateful that there was no acquisition straight after the Wells Fargo credit facility was made available because MAD would have been acquiring at the top of the cycle. Whether by design of luck, it was a great outcome to do nothing because there are now significantly discounted & quality oil/gas assets looking for a home which offers MAD a once in generation opportunity to make a great acquisition for a bargain outlay, up to 60-80% less than what they would have paid as recently as 4-5 months ago. This is what excites me. We all await the details.
 
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Currently unlisted public company.

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