In long term id say this company has a long way to go just based on the size of the reserves it has been rated anywhere between .98c (based on 13$ 1p and 5.2$ 2p reserves) to the $2 analysis using the same pricing as Lync energy.
thats prior to Nash or Boling which are currently just speculative.
It may have a short retrace or it could bounce up to mid 80's in a day. it has been so volatile even intra-day that you cant tell.
this retrace was also most likely due to a bad day in the ASX causing some people to profit take.
In the end, you're betting on what you think will happen based on the information provided. It's always a bet because you dont know how others are thinking.
FDM Price at posting:
69.0¢ Sentiment: LT Buy Disclosure: Held