Over the past few weeks we have seen a tremedous amount of...

Over the past few weeks we have seen a tremedous amount of speculation and day trades surrounding this stock on pure speculation of Iron Ore on a 100% FDL owned tenement adjacent to FMG.
It does not suprise me that this speculation has driven the SP to the level it is now but the ASX, BHP, RIO and FMG have reduced their SP over the past 8 trading sessions and still FDL have maintained a strong support base at .10 and .105 cent level.

It would appear the only thing that will reduce the SP from current levels will be the announcement of bad news. Given the results from drilling will not be available until September, I imagine that further speculation should continue to put upward pressure on the current SP.

Long term holder