Everyone is expecting the pipeline to be canned.
There are investors though still staying put waiting for that remote chance it may still get the go ahead.
This means if the company officially buries the PL there will be a drop in the price purely on sentiment.
At this rate if it goes down to 50 -55 c like some people expect its forward pe will be under 6 and for an asx100 company that is obscenely cheap.
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FRONTIER ENERGY LIMITED
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