Small Position - Rationale FO Purely bought based on the cash protection and what happened with Faclon Oil and Gas. Essentially, the market waited for ages for FO's drilling results, stock moved from ~.10 to ~.50 on the results (I was aware of FO but missed the boat).
I am not of course saying that FO = EW but given the downside protection I saw little reason not to pick up 100,000 shares for fun, may add another 100,000 shares.
GLTA.
P.S. if you want to check out the FO NR google:
Falcon Oil & Gas Ltd. ("Falcon"): Beetaloo Basin Drilling Results Indicate Material Gas Resource