guys check fdl unreal, page-8

bluesdog...

FDL was an entirely manufactured run...to start with...then of course as with all such plays, it gained a life of its own.

I was more than happy to trade it...but even happier to get out.

Their "resource" is of even lower confidence level than a generously over extrapolated inferred resource...a few rocks picked up off the ground, a basic visual of the geology, perhaps a visit to Google...and a fair does of nearology and hey-presto, 310m tonne Fe resource at 56%.

???

No doubt FDL have good news at hand here, but to see 1.9 billion shares trade in a single day?

lol

Anyway, we have a typical EGO, IMI type scenario here...one that could crash and burn...or keep running against most peoples expectations...then it will crash and burn.

In my view, there is value here that will be retained, so higher prices than yesterday are clearly justified.

But $100m or more?

I would not like to be holding these should the ASX decide to halt them for "clarification".

Regardless, we are virtually guarneteed of penty of trading opportunities in this near term.

Good luck to all who have a play.

Cheers!