Nando, you did the right thing. You got out before they went broke. You will be a very releived man once they are in the hands of the administrators because at least you got 32 cents.
Or you will be very suicidal if they go to $1 or more in the next 12 months. Oh, and if they get a gusher from one of their deeper drills, then $1.00 will look cheap.
Anyway, swings and roundabouts, ups and downs, you sold at a time when others including institutional and sophisticated investors believe its a great time to get on board.
Buy in gloom, sell in boom........ i.m.o.
Lets see what happens.........
FDM Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
