DJ MARKET TALK: Flinders Diamonds Continues Rising
0048 GMT [Dow Jones] Flinders Diamonds (FDL.AU) still climbing as market digests news
of iron ore target of up to 390 million metric tons. FDL shares up 23.6% to 11 cents
after touching high of 15 cents, extending huge gains made Thursday; stock closed
Wednesday at 1 cent. Buyers are betting Flinders can prove up its iron ore target and
then team up with Fortescue Metals which has a billion ton resource at adjacent
tenements. With market cap of just A$107 million, a takeover from Fortescue or Rio Tinto
may also be in the cards. (APW)
Contact us in Singapore. 65 64154 140;
[email protected]
(END) Dow Jones Newswires
November 22, 2007 19:48 ET (00:48 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Friday 23 November 2007 11:48:10:870 AEST
FDL
flinders diamonds limited
