Nothing is for certain IMO, I would say the shares 'might' be worth a lot more.
Of course it is in FDL's interest to make them worth a safe amount more than 10c so the options will be exercised, providing approx 38 million dollars of cash to the company, more than three times the current capital raising.
This is why I believe they have fast tracked this current raising, to increase the chances of the stock price being quite a bit hotter than it currently is by SEP FDLOA exiry, through the earlier provision of some good iron ore drill results. Fine plan if there is some large intersections of high quality ore down there. That still remains an 'if', but I'm willing to take a punt on it.
FDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
