While I perceive nothing except asset value increasing for the company I remain sceptical about managements motive. There are as yet to be tested 2 deeper formations which I have no doubt will prove highly productive should funds become available however (as I've mentioned previously) there remains, at least to my mind, the very real threat of another 10/1 reduction. My share value decreased 100% in the last reduction however anyone buying at todays price is buying reasonable value.... except if there's another 10/1 reduction.... or a cap raising at whatever and then a reduction. Should that happen I'd have a 1000% + loss on my original buy. This has not been one of my better investments.... but then neither was Bell Resources with a billion in the bank and Bond lurking in the shadows. It is what it is but whatever it is I find it both educational and interesting.
FPL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held