More shares being tucked away in bottom drawers. As long as they...

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e7dem

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04/11/22

14:21

Post #: 64592454
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Originally posted by ChinaGold: ↑

Mate, your asking a bunch of who, what and where questions about posters.
None of that matters.

What matters is checking out the stock and DYOR.
FDR IMO is easily going north of 30 cents. If they only get 3 binding farm-outs we are likely headed to 50 cents.

They're only 158M SOI.
53% are escrowed for 18 months. So that's 84M left.
Look at the Top 20 after that. I counted another 20% that didn't sell and some increased their position from the update before.
This is confirmed by the tight float every day. Rarely is it even close to 1M. I think I saw 2M one time.
That means there's a bunch of investors who know the story and what's going on, they aren't selling.

That means there's likely a free float of ONLY 43M shares!
$6.2M worth of shares too buy. That's it!
Bloody hell mate.

That's nothing in this market.
100 investors with 50k.
Or maybe a few 708's get a tip and buy 250k each?
Right now no one knows anything about FDR.These boards are dead, I love it.
What happens when there's 100 posts a day?

You said it yourself.
Someone posted something somewhere and knocked this up 40% on just 390k of buying.
The FDR story is amazing. They checked it out because this could get to 50 cents on just a few farm-out deals.

Look what happened the other day on the ASX.
The #1 stock in % move was NFL, up 120% on over $20M worth of buy. Not shares traded but, dollar buying!
The #2 stock was HIQ up 60% on just a tiny $20,000 worth of buying. Up 60%!!
Both stocks under 11M MC.

I haven't looked but, I will bet you they didn't have a small free float of shares to buy like FDR and a great story.
Look at the world. Everyone wants oil.
Even Elon Musk the king of renewables, said we need more oil production 6 months ago!

FDR has 9 prime oil leases in 2 of the best oil spots in the world.
It's not going to take long before the market figures this out and comes running for FDR shares.

Yet, there isn't going to be that many available, as everyone is holding for 50 cents or higher.

Do your research on Finder.
Figure out if it makes sense. Get what you can.
If you don't like it, don't buy any. It's just that simple.

This thing is STILL below it's IPO price.
IMO, it's a bargain.

Don't worry what I think or others. Do what you think is right.
The bags will look after themselves.

GLTAHs

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More shares being tucked away in bottom drawers. As long as they collect dust, there will very minimal availability for new buyers. This will be very interesting to follow.

FDR Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change -0.010(15.4%)		Mkt cap ! $10.23M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.5¢	$6.816K	123.9K

Buyers (Bids)

No.	Vol.	Price($)
1	60000	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	60000	0.056
1	56726	0.055
1	150000	0.054
1	29254	0.051
1	175000	0.050

Price($)	Vol.	No.
0.060	10000	1
0.063	83415	1
0.064	30000	1
0.065	120615	2
0.066	166301	3

Last trade - 14.52pm 19/06/2024 (20 minute delay)

FDR (ASX) Chart

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