I guess this announcement is an attempt by management to try and insulate the SP from current market volatility. Fair enough, doing his job. I have formed the opinion that part of the reason the SP is where it is (instead of being in the 30's) is that there has been an exit from the market with cash being a preference. While you don't want to see this deterioration in the SP, I have to think that if they continue to execute the plan and build production, reserves and cash flow, surely at some stage value has to be recognized and reflected in the SP. But I suspect there may be some more pain before that happens
FDM Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
