the facts are pretty simple i would have thought... irrespective of fmgs position on fdl or any other neighbour, fdl definitely have 200m odd as per fmg drilling which is tied up in jv, IF they DO have 300m PLUS of their own, this will NOT be a .08 cent (on a good day) stock...period!
personally i dont think 3 quarters or even 12 months is too long to wait to find out... everybody here knows once they start drilling the sp will rise accordingly and follow the old 'buy on rumour sell on fact' trade routine until it is known one way or the other what they do or do not have, then the sp will react, [hopefully cause they find out they DO have a shitload of iron], for the better!!
i'm waiting...and when it does the whole nosedive thingy which is sometimes inevitable, particularly given the volumes involved, i will shut my eyes!!
FDL
flinders diamonds limited
