FDL flinders diamonds limited

buyer at 25c, page-23

  1. 17,232 Posts.
    lightbulb Created with Sketch. 954
    I think the $5 mill will be swallowed up quickly as soon as they hire the drill rigs....it wont go far....expensive.

    They may start drilling in May/June.......or they may be trying to push this forward ....this would mean a three to four month window without any additional cash to fall back on.

    Also in April they will be changing the name and perhaps splitiing the company in 2 so to speak.

    This would also have its costs.

    I think they are just making sure they have enough until September and ongoing.

    Could they have just lived on the $5mill until September?? .....possibly.....but they also have the diamond exploration and I guess they feel the need to keep that going.

    What is it......140 mill new shares........Should only dilute 10% imo or 1-2c tops.

    Not a worry in the scheme of things imo.

 
watchlist Created with Sketch. Add FDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.