martis, .....we actually agree on something!!!
FDL has overshot on a hyped resource which will take 3 quarters before even a sniff at being inferred.
Present SP overhyped, and the hype talking about 50c, puts a MC of 500 mill is a joke. This is no mid-cap without confirmed drill results.
And there's a lot of other mid-caps in the iron ore department that have done a lot of the hard yards, such as AGO, who are near term producers. AGO has a development mindset with management whose buisness is iron ore.
FDL Oppies are dangerous, expire in 10 months.
As an invest, would consider FDL FPO in the 3-5 cent range.
It's a lonely nine months when all the directors will be releasing will be their fairy hunt for diamonds, that basically eroded the stock to a 1 cent level.
Expect more of this, and the impatient to sell down the stock.
Cheers.
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flinders diamonds limited
very bullish chart..., page-32
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