placement, page-6

I didn't know you were going to post MM8.

I think the information that came from the telephone call was very encouraging. IMO anyone holding the stock will be well rewarded in the comming months.

Here's what i think for what it's worth.

FDL stand to gain 14 million from the placement today.
If the options close in the money which means the heads will need to be above 0.10c, FDL will drag in an extra $32 million based on 380 million options on issue.

FDL will be providing drill results thick and fast between now and Sep 08 to ensure the 32 million comes in.
If they don't get the 32 million the company can't develope anything.

My guess is they will drill the bordering area right next door to where FMG is and announce the results. I have no doubts this will fly in that alone.

Anyway, If you don't think i'm right - Don't buy the stock
Simple as that !!