prawn..i really suggest you reread the announcements and not listen to youngtrader's biased views.
FMG will drill and ship 1 of the tenements. FDL are capped at 8million tonnes. That is $800million in value and FDL have to do sweet f a.
This is a major cashflow boon for a still small company like fdl.
Then they tackle the major target with fmg's help.
This is not just about loction but about synergy.
FDL
flinders diamonds limited
this will fall hard, page-32
Add to My Watchlist
What is My Watchlist?