The way I see it, their salaries are paid by JV partners, not out of shareholders funds. Because they operate their licences, if management work an hour on a project they charge back an hour much like other service providers, accountants, lawyers, etc. So they’re paying their own way. I like this model and that’s probably why they haven’t needed to raise more capital since they IPO’d. Most other oilers have 1bn+ shares on issue which kills the upside. What FDR needs is a deal to get the stock moving, with tight capital structure this could run on positive news.
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Last
5.0¢ |
Change
0.003(6.38%) |
Mkt cap ! $7.992M |
Open | High | Low | Value | Volume |
4.9¢ | 5.0¢ | 4.9¢ | $31.28K | 634.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 86873 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 151140 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 86873 | 0.047 |
3 | 253221 | 0.046 |
2 | 333854 | 0.045 |
1 | 22727 | 0.044 |
1 | 50000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 151140 | 2 |
0.055 | 156085 | 1 |
0.060 | 950000 | 1 |
0.080 | 100000 | 1 |
0.100 | 100000 | 1 |
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