the radio broadcast revealed kevin wills presented in syndey to brokers today with him saying broker interest has been strong, he is also presenting to brokers in W.A. on wednesday.
It's good to see he is following the lead of fmg management.
he also said the exploration plans and costs would not see a market raising until next financial year and even then there may not be one.
he said there was an increasing interest from brokers which is vital, probably the most vital trigger for the share price over the next month..
the fdl royalty from fmg was capped at $8m and would have been around the $220m mark royalty if not capped but such is hindsight. the estimate for flinders mines just as an un capped royalty on the 100% fdl tenement would be $325 to $390m if a jv was entered with fortescue.i.e. fdl not spending a cent.
wills presentations to brokers will probably trigger some new buyers in the later part of this week?
the board room radio site is
http://www.brr.com.au/event/FDL/887/37721/wmp/4t6ib1eqvw
FDL
flinders diamonds limited
broker interest growing strongly
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