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
- Forums
- ASX - By Stock
- multi bagger this year
also sytrader, not everyone is mentioning financials. STRONG...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FDM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online