"followme - what makes you think the Sp will drop hard?"
Intuition:
a) Check out the chart. For 90% of the HC fairy stocks, 'what goes up, must come down'
b) A few days ago it was at 8c - its up 100% in a week. What has changed? Have they sold some...diamonds?...lol
c) Read Novac's post:
They have a conceptual target! On any realistic mkt cap comparison they are overvalued.
Compare mkt cap to BRM, UMC or TLM. All of which are 1-2 yrs more advaced and progressed then FDL (sorry, except for the diamonds?; lol).
Compare even to JMS. JMS is almost next door. JMS has just finished drilling and results out soon. JMS mkt cap = $30mn. FDL mkt cap = $220-$250mn+. Thats 8*times+. JMS also has a JORC Mt Mason. And a bunch of uranium. But look, this isnt about JMS.
Im just saying 85% of the register are traders. That means it will (WITH GAURANTEE) RISE HARD and FALL HARD.
Please, i would love to be corrected on the above. Are Macquarie, Citi, Pato's, UBS, JP Morgan or others on the registry? [they are all on BRM and Kerry Hermanis is top SH on TLM; Why didnt Hermanis buy into fdl instead? The co would have gave him gazillions of shares at 5c if he wanted them]. Forgive me, i havent seen a 'becoming a substantial shareholder notice' for a while. I wonder why that is?
Not trying to downramp, just trying to say, until i see some of the above (ie, more substantial sh's, less traders), i will be sceptical - and until the conceptual target is confirmed into a JORC
As i said though, this will probably continue to go higher.
FDL
flinders diamonds limited
