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FDR just broke out!Anything under 30c is a gift.IMO, this is...

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ChinaGold

786 Posts.

1058

19/10/22

17:34

Post #: 64283829
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Originally posted by ChinaGold: ↑

FDR

-EV of 5M on a small 18M MC
-T20 of 77%
-Very tight float on SOI with 52% of shares escrowed (Longreach) for another 18 months. Wow!

-They don't need to find Oil (which they likely will) on some of their leases. They just need to do offtakes with the majors, who are desperate for prospective leases.
*Sell the shovels and picks...and the land near the creek.

-FDR has over 10 leases in the North sea and off WA.
-If the world wants cheaper oil, they are going to go HAVE to go drill and find some.
-FDR has prospective leases the Oil majors are going to want.

-Mgmt. and insiders have successful record of getting runs on the board.

-Mgmt. are HIGHLY incentivized to get SP to over 30c (read pg.29 of AR)
-Current SP of 10.5c
-Heavy newsflow expected in next 3-6 months.

Do some research and check it out yourself.

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FDR just broke out!

Anything under 30c is a gift.
IMO, this is 50-70c in 6 months.

DYOR...you'll see why.
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