SDL up 8%
FMG up 5.2%
FDL a donut
despite 65% increase in IO price offered by a number of Japanese steel producers today..
The break of 11-12.5 cent range will decide the next major move.
The problem remains that this thing has been up here for a while and no one has gone substantial in it, meaning no one believes it is a big screaming buy. By the same token the 10 guys that own 40 million shares each have steadfastly refused to take profits (despite the increase in global risk aversion) and will no doubt now hold on until drill results come in.
My money is on a pop above 12.5 cents, but may need some news??
FDL
flinders diamonds limited
