almost there, page-29

sava,

im not having a go at FDL, i trying to highlight the risk with this company and lets not beat around the bush.

1. $100m+ market cap and they havent even drilled,(if anyone remembers GDN then you will know what i am talking about). sorry, they drilled for diamonds and there was some Fe in the sample.
2. register full of retail and day traders, perfect storm for sucking the retail guys in with the promise of a big pay day, again just remember GDN.
3. they use the Fe story to raise capital to look for more diamonds!!! that is the biggest sham of all time, using the Fe story to raise what was 4x their Nov 2007 market cap to burn more shareholders funds on something they have been crap at since day dot.
4. so called top shelf broker like Bells screwing at least 5% for the cap raising fee with rumors of huge over subscriptions and now its below the rights issue price. Amazing how the price went to $0.12 and bang they are raising capital at $0.10. (in a really old post i did to warnie i said they would do this and he laughed at me) (wheres warnie now?)

if those points arent enought you have driblers on here then having the balls to say i am negative. how can i be accused of that when the points i make above have happened.

dont kid yourselves, if FDL blows the cash and comes back with poor results then this thing will be back to $0.02.

if they actually do have some Fe then they will have to quantify it, ie if its full of imprurities, once thats out of the way then it could possibily justify having a $100m+ market cap.

until the results there is a lot of risk in holding this stock. and for those holding the options, time decay will kill you in this market.