FDR 0.00% 6.2¢ finder energy holdings limited

I don't care what they said in their speeding ticket.I smell a...

  1. 786 Posts.
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    I don't care what they said in their speeding ticket.
    I smell a leaking boat.
    (Yes, I can smell water, I'm clever that way!)

    This is what they said in their Q from last week...

    Positive impacts on farmout discussions in the UK are being felt as new tax incentives to promote
    investment in oil and gas begin to take effect

    Finder is currently undertaking a farmout process to secure a farm-in partner to fund an exploration well to test
    the Gem Prospect.



    They're talking to someone and someone has figured FDR is going to pop, as it's dramatically undervalued.

    I guess it doesn't matter. I'm set.
    IMO, anything under 30 cents is great value if they nail down a couple farm out deals in the coming weeks.
    Their 17-year track record in getting these done and the location of their leases tell me they're close, in this Oil environment.
    I'm hanging around for 50+ cents where mgmt. profit options kick in.

    GLTAHs

 
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