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
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held