Fatstocks, as always your posts are great and eagerly read. I am thinking that FDL is not so much announcement-driven as anticipation-of-announcement driven. (As many stocks are). On the 1st of the month it closed at 11c and the day before the announcement it closed on a new yearly high of 17.5c - a rise of 60 per cent.
If it can do that based on the anticipation of an announcement concerning only rock chip samples, what can it do leading up to the next anno re the first actual drill samples?
Drilling commences in 2 to 3 weeks so the results should be announced around the end of June?. That gives a whole month+ for the anticipation-factor to build.
What will the sp be towards the end of June?
If it rises by another 60 per cent it would be around 26-27 cents. Actually I believe it could even top 30 cents as we're talking about real drill samples here. The anticipation will be huge imo.
Cheers
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