There's a couple of things - any share capital raising will in the short term affect the stock.
Another thing is I have predicted a downturn in our market because of the US slowdown, also will be shortlived. I will be buying more FDL as I think FDL will spin this IO resource off to Flinders Iron - I thought they were doing this when the trading halt was called
This is just what I think and they will eventually go skywards this year.
Another one to watch is JUPITER MINES LIMITED (JML) as they have 65% IO on other tenements - "The Brockman iron project is well located with respect to regional mining infrastructure, with the western boundary of the Brockman tenements adjoining Rio Tinto's Brockman 3 iron ore operations and located near Fortescue Metal Group's Pilbara field camp".
Maybe another star and remember the rail is close.
selling @ 18.5 cents
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