FDL flinders diamonds limited

ore stops in fmgs area, page-49

  1. 17,233 Posts.
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    f There was any sign of diamonds.they would'nt be mining iron ore.As for the price of their shares,they will go up. Unless there is a down turn in the Economy. I bought in at 10.6 last week cause I thought it was cheap,and still do BAZ




    Morning Bazzzza

    U don't need to convince me mate, to explain how many shares i have in FDL, im just about to recieve a top20 shareholder letter in the mail.

    I noticed u have only been a member for a coupla days, thought Id give you the heads as to my interest.

    a couple of points.......

    They are only drilling for iron ore, not mining it for production just yet.

    They have a MASSIVE landlot including all of FMG's land in which to hunt for diamonds as well, im sure there are some around as there are very aggresive fault lines, especialy on e47/882.

    In regards to the economy, not sure what that has to do with this at all, they sell the ironore to china which has little to no bearing on our economy.

    Considering the mining industry and in particular iron ore mining, hasn't even got near its peak, i wouldn't be worried about anything here, including the economy.

    Diamonds will play second fiddle yes, but dont underestimate what could be out there, and FMG turning the land over gives FDL a chance to better understand the geological makeup of the land which may lead to further investigation.

    Why u paid 10.6..........(which is actually quite hard to do considering the price goes up in half cents from 10c).....in the last few days im not sure, there have been so many chances to buy so much lower, but anyway your in now and i wish u well.

    I wouldnt expect the sp to be back at 10.6 until mid to late JAnuary however happy to be wrong, and with any news im sure it will give the sp a kick.

    cheers


 
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