flinders drilling depths on 882, page-5

ATMA,
did you mean 22c? 20c must have been a typo, lol.
Flinders has had a good day today but the period leading up to July will be when the real action starts with Fortescue announcing their expansion plans......watch this space.....:-))
Flinders has reached the second stage of the various "if" value stages I have talked about.
It's now trading where I think it should have been about three months ago but the placement slowed the momentum but it's now clear skies from here to the first drill results then the FMG announcement and the various stages of progress that Flinders has to proceed through.
If there are diamonds in the ground and not in the sky then Kevin will have succeeded in three out of three goals I expect he has.
1.Diamond discovery.....still to tick a box(Re the diamond "if" factor of Flinders tenements or some of the many third party tenements including FMG's adjoing tenements which we have 100% diamond rights agreements in place, see the company announcments )
2.Maximus (MXR)identifying a company maker with the Canegrass 3 bn t iron-ore prospect.....first box looks to me like being ticked soon (Kevin is MD of MXR also and FDL owns 7m shares)
3.tenement 882 estimates of iron-ore from the Pilbara .....tick the first box and line up the next 4 boxes ready

PS, There are several boxes yet to be ticked for each of the three goals, some more than others.

With the heads trading around 20c , does anyone think they will go to 22c to? ( there's a chance they will this week I would think) If so, I am at a loss to explain why the options are not trading at about a 2c premium to the converted price ? They should have at least a near term target of 12c plus the 10c conversion price equals 22c. Perhaps not so if the market thinks Flinders won't reach 25c in the next couple of months, well that would be the strangest thing I have seen in the last 39 years of watching the Australian stock market ( since 1969).
The options are up 2c today and the heads 3c which is beyond logic. They should be at least par value anyway. If the heads are at 20c the options should be at least trading at 10c ? And there is still a heap of news to come.