it is wayyyyy too soon for that to be a concern YET! it all depends on what kind of timeframe you have in mind but with a $6 mill market cap it doesn't get a lot cheaper from here (unless its a complete collapse).
from what I can decipher the company have just embarked on a significant capital raising at close to rock bottom prices and I think it is likely those shares have fallen into the "right hands".
they seem to be embarking on a turnaround story which may or may not come off but it is too early in the cycle for it to all turn to dust YET in my humble opinion!
I am focussing on the market cap which at approx. $6 mill is unheralded for a stock with a proven resource, yet alone in any kind of production and the consolidation in the shareprice and chart pattern over the past 6 months appeals to me.
geologists might find fault with the rocks, socks and frocks but after 20+ years in the market I will be surprised if there isn't upside from here.
where the company stands in 2-5 years I have no idea, nor any concern.
FPL Price at posting:
0.8¢ Sentiment: None Disclosure: Held
