FDM 0.00% 1.1¢ freedom oil and gas ltd

stags, page-7

  1. 2,257 Posts.
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    I can understand the downward price movement to the placement price of 31c. It nearly always happens. The fall below the placement price suggests a lack of confidence in the company. Despite the good noises coming from Yeager, the market awaits tangible evidence of a company on the improve. To be frank, I have no idea what to expect in the quarterly report re production numbers - up, down, sideways, who knows. What I will say in general terms is that Yeager has probably no more than 6 months from now to prove this company is a worthwhile investment. And don't expect any short term price recovery, unless we get positive market announcements.
 
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Currently unlisted public company.

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