I've been told soph inv subscribing to the new issue aren't...

I've been told soph inv subscribing to the new issue aren't going to get their full allocation...work that out.

So it seems despite having a massive no of shares out there, FML are still going to be in big demand. They must surely have great confidence in what they've found and what they're going to find.

As far as a SC is concerned, I'm not so sure...TAM had a squillion shares and after their reconstruction s/h have done very well out of it coming on at 80 odd cents rising to over $1 at one stage even though currently at ~87c. 80c to $1+ is 20%+ from good drilling results at Central West Tanami but there's no way they would have jumped 20% with 3B shares still on issue.

Time, as always, will tell...