if I may offer an explanation for some the disagreements
one of the factors thats becoming more obvious is the changing investment landscape is leaving some investors behind
resources boom always start with the big guys , works down the into the middle rungs and eventually get to the juniors
we have allot of investors on HC who are stuck in a past paradigm
these investors have not realized that the changing demand for resources from china and India is changing the structure of the market and these investors are f ailing to respond to changing market conditions by modifying their investment strategy
these are the folk who scream for drill results and proof of a companies worth before they will invest
the reason they do this is that this was the winning strategy for resource investment in the past this strategy has stood them in good stead
so when they get a play like FDL they beat their chests and tell us how long they have been doing this and FDL cant be worth anything unless it has a JORC resourced
we are in about year 7 of a 20 year resource boom and the resouces market is just moving into a new stage
the game is moving under our feet, if we continue to only invest in proven resources then you investment returns will be negligible
the reason is that anything worthwhile will be fully valued before results are known or have reached the JORC stage
so have a bit of patience with these folk they are just struggling or failing to adapt to changing market conditions
one day drill results will be a bonus, folks will be making their investments on the probable value of tenements alone
they will lament the how things have become crazy but all they are really saying is that they wish things had stayed the same because when they did they made money
all they are telling us is they are failing to adapt their investment strategy to changing market conditions
the world has been through a boom where 3B people want the resources of 20M people
to profit we must adapt to these changing conditions
FDL is a standout example of these changing conditions
FDL
flinders diamonds limited
