Its great that the SP is over 80cents today considering the 60 cent placement last week. The fact that reserves have also increased greatly has helped the SP as well today.
But.......how is it that this stock which hit the 80-85 mark a few weeks back all of a sudden started to taper off , almost like someone was pushing it down...probably so that they could issue the placement as low as they could ( in this case 60 cents )and all of a sudden the placement and reserves upgrade comes out together and its onwards and upwards.....
This is so manipulated its not funny. Don't get me wrong....I'm making money today because of the SP bounce but the shorting of the SP to coincide with the placement is as predictable as a ABC.....There are people in the know who knew about this and have made a killing....pity the same opportunity was not open to the other share holders to top up their holdings.
Yeah the markets not manipulated. HA.
FDM Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held