Mr. Gregory Lee Executive Director Tel: (+61 8) 9389 2000
The last Ann was on the 19th of Dec.
How many directors do we have? 2 or 3? They are being paid 20k per annum each.
A salary they should have always been on considering their achievements.
Last word on FP was that they were deciding whether or not GGP were correct in advising to plug and abandon the well.
Also in their last Ann it looked as though they were more interested in finding another venture rather than continuing FP. Maybe just the way i read it. I'm 94% down on 25k with this one. Gave up on the share market with this share.
One thing i have noticed though, albiet way too late, pretty much never invest in a share thats heavily talked about on Hot Copper. By the time everyone is talking about them its too late to invest. BCC, SSN, VIL, MEO, GGP the list goes on....
VIL Price at posting:
5.0¢ Sentiment: None Disclosure: Held