Highest close price in a year...Good volume day also. The share price is still too low. Sellers here are still going to miss some big gains.
One way to unlock the oil company assets would be to spin off the Allstar to current FNR shareholders.
If Allstar can be flowing over 500 barrels now and possibly 800 before March that should be valued at $35 mill alone. So maybe spin off one share of Allstar for every FNR and you would probably see that trading at $2.50 or so a share. Maybe just wishful thinking. Well FNR is like an incubater and Allstar is pretty much ready to walk on its own and unlock the value for shareholders since it is not even getting valued at book right now. Oh well just need few more investors to do research on FNR and help get us moving to at least book. I got more today thanks.
FNR buyer.