FDL flinders diamonds limited

lets do the maths on fdl , page-8

  1. 650 Posts.
    here's a bit more i cut and pasted from their Qrtly and adjusted

    The issue closed on 15 June and
    on 21 June the Company advised
    that it had issued 109,101,211
    new shares in relation to the
    Rights Issue. The take up rate
    was about 22% and a total of
    $1.31 million was raised. At the
    end of June the Company had
    595,550,919 shares on issue. The
    Company is now actively placing
    the shortfall with interested
    parties and expects to fill the
    issue and raise an additional
    $4.53 million.

    which brings the total to $5.8Million

    FINANCE
    On 30 June 2007 the Company
    had available funds of
    $1.7 million. Exploration
    expenditure by the Company
    during the June quarter
    was $372,000 and forecast
    expenditure for the September
    quarter of 2007 is $400,000.

    NOW my mistake i forgot to add what will be left after the September Qrtly which should be $928,000.00.
    $17,447,793 + $928,000.00 = $18,375,793 divided by 972,899,415 shares
    Value of FDL is closer to $0.019cents
 
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Currently unlisted public company.

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