FPL 8.33% 0.7¢ fremont petroleum corporation limited

Junior I don't post for likes. I don't have social media and I...

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  1. 15,774 Posts.
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    Junior
    I don't post for likes. I don't have social media and I despise the likes addiction people have .
    My last post was not suggesting that FPL will create value , I am very confident they will destroy it and I am also confident a good proportion of this raising will go to paying salaries . After all they have only committed to one well . My point was if by some miracle you end up doing well ( which I doubt ) I will be happy for you . I think people take negative posts on a stock as an attack on them . I am negative with the management as they are slippery sales people in my view. I think the economics don't stack up and this business no matter what they call it will continue to burn shareholder cash . But when all is said and done what amazes me most is the ability of shareholders to excuse everything . I asked the question but never got an answer . They said they were to develop these fields through debt only a few weeks ago . I and others like Cmon told you this was rubbish. I ask you doesn't that worry you that they can't raise debt ? What does that say about the business model ? What does it say about the reliability of management .

    You refer to SSN , you may have done well , but they to ended up destroying 10s of millions in shareholder wealth as they, like FPL have a business model that doesn't work in a decent oil price Vs a very low one

    Again good luck but don't think for a second I am positive
 
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Currently unlisted public company.

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