FDM 0.00% 1.1¢ freedom oil and gas ltd

multi bagger this year, page-155

  1. 240 Posts.
    also sytrader, not everyone is mentioning financials. STRONG growth in revenues since listing due to higher production and oil price increase. operating cash flow, good investing outflow (increase in assets > increase in revenue) and no need for capital raisings. I cannot see the directors selling new shares to investors for two reasons; internally funded projects, they have their own drilling rigs so the most they could do with raised spare cash would be to purchase more rigs, as we know idle cash is useless (not producing further revenues), second reason being the directors stake in the company will be diluted.
    but thats my own opinion
 
watchlist Created with Sketch. Add FDM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.