FPL 8.33% 0.7¢ fremont petroleum corporation limited

Jo,seriously do tag ME when they actually post a cashflow...

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  1. 19,194 Posts.
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    Jo,
    seriously do tag ME when they actually post a cashflow positive quarter, as they have announced oh so many times yet funnily has never materialized.
    I've heard the CEO in an interview say they are profitable at $30 oil, then very profitable at $40 (GG) then break-even at $60....they said it.

    Could write a novel on the absolutely rubbish announced to ASX here + all the excited lemmings over and over again.

    The register sure does change, there's an obvious reason for that, obliterated by cap raise after cap raise / free options and 2x 10:1 consols.
    The biggest issue is the guys at top have been around nearly a decade.

    It's a fascinating show/ lesson in junior oiler wealth destruction.

    Meanwhile if you look back to what I suggested in oil downturn, many here would be sitting on mutlibags instead of multi losses.
    COE, BPT, SXY and STO to name a few


    Last edited by Sector: 28/03/19
 
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