Junior
You crack me up. Because I said I wish you luck and if you make money I will be happy for you does not mean I see merit in holding fpl. In my view it's a complete dog . The management are
1 . Either incompetent as they can even get the CR numbers to total or
2. Completely deceptive as they are as mentioned by others reasoning the second tranche at 1.44c
Lastly , as mentioned already, the raising is in my view not enough to drill even one well and be left with cash. Mark it down, they will be back for another rasing by Sept / October . This one barely covers debts and a quarter of corporate costs
FPL Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held