The lack of liquidity is an issue in terms of FID's entry into the ASX 300 one day. As the market cap grows liquidity may improve but will it ever be trading 50,000 a day in a tight range ? Probably not with the number of shares on issue. I'd rather have 31M shares on issue than 60M as a result of management awarding themselves performance shares, dilutive capital raising's and the like - it's a trade off. At some point in the future I have a hunch that something significant will happen i.e. a number of larger acquisitions by FID using script and cash or FID being acquired. Regardless, we are in very safe hands with Indy as he is passionate about looking after his shareholders and, he talks the talk and walks the walk - refer his voluntary bonus reduction last year that was very moderate to begin with. Respect, respect, respect.
