FDM freedom oil and gas ltd

Surely this current lull in the share price is mainly due to...

  1. 3 Posts.
    Surely this current lull in the share price is mainly due to economics. With the shares purchased at 1.02 during the IPO being released from escrow on Monday, you would expect that a significant portion of the investors will sell to make a quick buck. The market is just anticipating this IMO. If these are mainy institutional investors then maybe they will hold? Looking to top up over the next couple of days

    Considering RBS Morgans has valued MAD risked at $1.12 based on 1P reserves alone there could be a very quick turnaround IMO. I will continue to hold until management sells there share or gives me a reason to, I highly doubt they would be fudging costs of extraction with so much at stake.
 
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Currently unlisted public company.

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