Thanks hammerhead. You are correct about arrival of drilling rigs in FWL's case being very price sensitive.
With all the work programmed and no need for additional capital I would think that anyone buying at the 4.3c lows of this year have a potential 10 bagger by the end of 2012. This would still only capitalise FWL at just under $50M. I am bullish the equity markets which is why I expect big moves in FWL share price but should I be wrong and the markets melt down I still expect the people that purchased below 5c to have a multi bagger!
This is just my bullish ramblings so should not be taken as investment advice!
LCG Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held