well looks like people are happy to dump at $0.10.
give it a few more days and all the buyers at $0.10 will be gone and then guys who missed out in the placement (if its true) might start buying below $0.10.
it was always going to happen, guys getting 10%-20% for free were always going to sell. I guess you thank Bell Potter for taking you all for a ride on this trade. a clasic pump up before a capital raising and then dump into the retail clients.
lets wait and see how eager everyone is when FMG cant get the second shipment of ore out because of its railway and the price gets sold off. That will remove one potential buyer of FDL's tenement and probably the most logical acquirer.
FDL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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