Looking back to 12/12 you were one of the first as well...

First 45 Last

Share
Profile

Follow
thord

300 Posts.

12/07/14

20:34

Post #: 13650989
Share

Originally posted by Ptolemic ↑

I am not a lawyer but a lack of proper auditing of Enron brought down Arthur Anderson. Clearly MAD is not going to bring down its auditor but that doesn't mean shareholders don't have a claim.....similarly with paid/free research by various analysts (e.g. Stockanalysis) and RBS Morgans where the analysts were holding stock while writing "research", RBS Morgans staff were on the board and they were doing all the raisings.

They state the share placements went to sophisticated investors and institutions. The people who asked me about it (i.e. it was marketed to them) must only just have scraped through the sophisticated investor criteria, and if I had bought and feel that I didn't meet those criteria I would certainly be raising it with the broker.

Better ways to get attention than ASIC, seems like many regulators they only react when it has so much public attention they have to explain why they are not doing anything.

For reference I think this is about fair value now (though I believe there are further reserves reductions to come) but I query that when the last raising was done at 31c there was not sufficient information out there to say a 30% reduction was highly likely.

Expand

Looking back to 12/12 you were one of the first as well as(Everest,Malmanu,Paul 100),scrutinizing Mavericks projected production figures against previous production figures, and the wells being now depleted.
Nearly 2 years later seems way to long to keep honestly trading on those projected figures without actually achieving them. .doesn't it?.

FDM Price at posting: 18.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IMA

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

There are more pages in this discussion • 40 more messages in this thread...

First 45 Last

Add FDM (ASX) to my watchlist

Looking back to 12/12 you were one of the first as well...

Top Stories

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News