FDM 0.00% 1.1¢ freedom oil and gas ltd

valuation, page-5

  1. 11,400 Posts.
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    I dont think they will need to shoon,

    They raised 18mil last round and still have profits from last half year and any profits made early this year. from their announcement:

    "Mavericks current cash flow from existing production is sufficient to continue to execute our current development strategy without new capital"

    Meaning that this 18mil will be put into a. new blue ridge acerage, but mostly into new equipment which will lead into more profit and continue this sort of exponential rise:

    profit -> equipment -> more profit -> more equipment etc.
 
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Currently unlisted public company.

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