In reply to chucky11,I posted this on the Flinders (FDL) thread in March and it might explain some of the action leding up to today over the last week.......
Subject: ero uranium ann adds value Stock Code: FDL - FLINDERS DIAMONDS LIMITED Posted: 09/03/07 12:27 Hotcopper Radio: FDL on BoardRoom Radio Posted By: fatstocks Views: 149 Post #: 1619571 (Start of thread) Sentiment: Buy IP: 59.100.xxx.xxx Voluntary Disclosure: Stock Held Flinders link with MXR and ERO and the announcement today expalins why the buy vol is at 45m shares and sell at only 19m. oppies way out of balance with 54/13m and none for sale once 003/004 gone. MXR hasn't moved yet but ERO is up 5 cents (27%). Probably the link between FDL MXR and ERO little known.
the release today at 10.27 edst.
FOR IMMEDIATE RELEASE Friday 9 March, 2007 EROMANGA DISCOVERS LARGE CHANNEL SYSTEM IN S.A. - POTENTIAL FOR MULTIPLE URANIUM DEPOSITS The first use in Australia of a new uranium exploration approach has unearthed a previously unknown and unexplored palaeochannel system stretching more than 100 kilometres in length in the far north of South Australia. The discovery – by newly listed Eromanga Uranium Limited – will be drill tested as early as mid year in an area between the township of Marree and the operating Beverley uranium mine. Eromanga is earning a 70% interest in the “Marree Project” under a joint venture with Maximus Resources Limited . ends....
The Flinders (FDL) ownership, as the biggest shareholder in MXR (who owns a fair wack of ERO) is the puzzle. Flinders SP has sat on its bum while ERO and MXR are catching up to their value.If you are interested in some of the Flinders commentary you might like to have a look at the FDL thread today and MXR thread which has a lot more interesting iter related details of the company investments.
ERO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
