All I must say with a cooler head that once I saw the cash hand sub $10M in the quarterly , the potential for a delay in drilling crossed my mind. Whilst I have my views on how the $0.15 raise value was determined - that is quick and well supported raise.... What would not have been acceptable is any - any further delay in the RB Lending in place and further drilling campaign. This is about Board delivery. As a holder since 2012 this has got to get up. Their is a very good story to come so am agreeing with zdog, Bill and Leveraged . For me their strategy is get the raise done - announce the 30day drilling numbers, then the RBL in place, then 1/2 yearly report, then continuous drilling and share price has got momentum as Mike is here drumming up the fund managers.
Given the number of share holders with a few questions I am pretty sure the board knows now is the time.
Look forward to 30day numbers. Enjoy the comments.
FDM Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held