Why are people complaining about management? Have they not drilled two wells and are extracting commercial oil out of the ground from J50 and about to flow test oil out of NWZ-2?
Rather than look at the share price emotionally and instantly blame management, perhaps people should look at the facts rather than the share price?
I'm losing plenty as well, but what has changed fundamentally to make me want to sell at 3.9c? Absolutely nothing. Too many emotional short term punters.
Fast forward to Dec 31. You think the share price will be 3.9c with three wells producing 1000+ bopd to export sales?
Plenty of free cash flow after August to drill J52 and J53 in 2011. Look at the facts unemotionally and not the share price emotionally. There is oil under Block 31 in Kazakhstan and JPR have just BEGUN the extraction program. If this was the Australian Grand Prix, we have just left the starting grid and finished lap 1. If people want to pull into the emergency bay and bail out now, let them. All this "trading noise" will be a distant memory in 2011 and in my opinion some sellers at these prices will look back and shake their heads in disbelief.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.42M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.017 |
2 | 64889 | 0.016 |
1 | 100000 | 0.015 |
1 | 10000 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 50000 | 1 |
0.050 | 170000 | 1 |
0.060 | 7000 | 1 |
0.110 | 12400 | 1 |
0.125 | 523000 | 1 |
Last trade - 16.21pm 15/09/2025 (20 minute delay) ? |
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FUTURE BATTERY MINERALS LIMITED
Nick Rathjen, MD & CEO
Nick Rathjen
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