FDL only ever had enough funds ($5 mill) until mid June 08 or so.
A cap raising was always going to happen at some stage....sooner the better I feel.
Will also need some funds to split the company into iron/diamonds perhaps.
The options wont come to the coffers until Sept 08....yet the drilling starts in May/June.......the lag difference needs to be taken into consideration......best to get the funds now before running out half way through a drilling schedule.
Cap raising of $20 mill or so would be nice
MC about $160 mill at present....dilution would only be 10-12% at worst.
Then options....another $38 mill in Sept comes in
Should see them through and have enough change to start looking at infrastructure requirements etc when and if required.
Cheers
- Forums
- ASX - By Stock
- FDL
- results geo morph survey exp
FDL
flinders diamonds limited
results geo morph survey exp, page-9
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online