what do people recon it will open in the new yr. I recon we will see selling to the mid sixties next trading day. The downtrend will continue. Its depressing to look at, i hope alot of you holders have got out, cos in the new yr there is going to be some good opportunities to jump back in hopefully at a lower price for you. LT mad should do alright, just got to fix up the production issues the next 18 months, for it to fly again like it did this yr. The next price rise will be by production not reserves, cos you just cant trust managment to moneterize the reserves quick enough.
For those that compare LINC energy to mad, they are totally different, mads wells flow 25 BOD, lincs flow between 100 and 300 bod. Id rather have there wells. They cost about 1m to setup to production as well, not much more than mad at 700k
FDM Price at posting:
71.5¢ Sentiment: Sell Disclosure: Not Held
