FPL 8.33% 0.7¢ fremont petroleum corporation limited

What does it matter - they are cash flow positive for a week (...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,774 Posts.
    lightbulb Created with Sketch. 268

    What does it matter - they are cash flow positive for a week ( excluding the 800k blown last month)
    Cmon- watch this space - CR within 3 months for about 2-3 m . Dilute everyone by another 40%.
    It’s amazing how these guys don’t undestnsd what their definition of cash flow positive is. It means for a month they have not lost money . They simply don’t realise the degree of spending required to grow oil production sustainably . They should review the performance of the field historically but in the end most play musical chairs a buy at .9 and hope to sell it to some sucker at 1.1
 
watchlist Created with Sketch. Add FPL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.