FDM 0.00% 1.1¢ freedom oil and gas ltd

is mad a bubble to burst, page-90

  1. 167 Posts.
    $2???

    Let's get real.

    $1 Billion dollar market captial for a company that only made $6M last finacial year. I can't see $2 unless production increases substantially. Production (and oil price) is profit. The share price will only reflect the profitabilty of MAD in the long term. MAD has been doing this for about 40 years. It won't be easier to increase production quickly.

    I'm holding some to make money on the Hype.

    "Escrow" will be dangerous next week. Most won't be able to resist the temtaption of a huge profit.
 
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