In todays market fundamentals are showing little influence. So many good companies trading at low PE's and paying huge yields yet their SP is still dropping. In uncertain & volatile markets (now) fear & greed take over logic.
On FDL, clearly good news = increase in SP however it's hype and greed/fear driving up the SP due to the FMG effect.
For us who looked at FMG at $2 (or less) and said no, FDL is a second chance at great riches and punters don't want to miss this boat.
As long as the hype is around so will be the buyers.
FDL
flinders diamonds limited
for people trying to value this stock
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