I've said it before Squeaks.....I admire your positive attitude in such times. I do agree that there is no sign of corruption....rather incompetence. Which is worse in my opinion.
Likewise, I am not critical of current management. They have taken on a basket case created by the previous board. Basically they blew $45 mill on 9 wells by not understanding the geology
So now the new board is lumped with raising funds to continue operations. And from what I understand, the current environment in the capital markets is far from positive.
https://oilprice.com/Energy/Energy-General/Secret-Survey-US-Shale-In-A-State-Of-Deep-Anxiety.html There are plenty of articles around like this one. There are shale companies that are in far better shape than FDM that can't raise funds to continue drilling and are being forced to scale back production. I don't believe that there is a snow balls chance in hell that they will raise cash without off loading our assets. It's been 7 weeks since the suspension and I believe that they are re structuring ownership. While I don't understand the laws and mechanisms in play, I am of the opinion that Australian stock holders will be ditched by some kind of delisting and ownership of the companies assets will revert to whoever has stumped up the cash. This has happened numerous times in the US shale industry.
You have to assume that Ramas has fronted the cash for the completion of the 3 wells in order to protect their investment. At what cost is the big issue and where does it leave current shareholders?