woops another mistake........no one seems to have picked me up on it............the catho well is cul's baby.........I was doing a fair bit of research into cul and fmg's iron ore stocks last week , when up popped the fdl news
now am still surprised that cul has not moved.........it has 2 jv's with fmg in iron ore deals, and then yesterday aqa took about 75 million shares in cul at .10..........
so maybe aqa might also be looking at fdl..........you just never know what is going on until they tell you............btw cul has about 496mt iron ore,,,,,,plus no tonnage advised for the jv with fmg so that is in addition..........and cul does not have 100% ownership.......they get otheres to do the work and give them a % of the deals..........
both seem incredibly undervalued now in hindsight of current news
cheers
ps cul is only about .10-.12 so its also a good buy
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