LNR 0.00% 0.5¢ lanthanein resources ltd

bell potter took 18.5percent of fnt, page-7

  1. 5,331 Posts.

    There is no way that Bell Potter are going to dump their shares onto the market, where is the benefit to them to do it, they paid 13c a share with the attaching 20c options. It is in their best interests to promote FNT so not only their heads gain in value but in turn their options also become in the money.

    Wouldn't surprise at all if we start hearing some more from Bell Potters in regard to broker coverage and research reports, which in turn will create more interest in FNT.

    Don't forget they paid 13c a share which was at no discount to the market price which is a great vote of confidence in FNT that they were willing to cough up the money at the current market price.

    Attention will now firmly be fixed on the latest drill results and resource upgrade from Kodu which are due anytime now. These results and the added interest from the investment community have the potential to light a fire under the shareprice. You just have to look at how MGO ran upto and straight after their resource upgrade to see the potential upside in FNT.

    Great also to see the news about the commencement of drilling at Elo project this has the potential to be several times Kodu!!
 
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