FDL flinders diamonds limited

Cheers Warnie.Don't get me wrong, I consider that the SPP to...

  1. bungy234
    13,169 Posts.
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    03/03/08
    11:39
    Post #: 3420155
    Cheers Warnie.

    Don't get me wrong, I consider that the SPP to raise up to $3.61 million is an excellent way of rewarding loyal shareholders and the directors are to be commended for that. However, I still fail to see how they could spend $14.6m in such a short period.

    For my mind, they should have raised around $5m as a spp. IMO, if the initial drill results meet their expectations, they could have easily cap raised an additional $5m @ 20 cps from instoes etc.
    FDL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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