The statement was a bit ambiguous. What we don't know is whether "current production" reflected production levels at the time of discussions ( as of early April) or the production average for the December Q (the last known levels of production as per the Quarterly report). I say this because the Morgans analyst also expects improved "revenue and cash flows" for the March Quarter. The analyst also suggests MAD is well advanced at finalising farm out deals & a JV or two.
FDM Price at posting:
29.5¢ Sentiment: None Disclosure: Held
