FDLOA options will continue to trade at a premium relative to the current heads price because by mid year the drilling will have begun and the heads should be around 20c+. At that point I would expect the options to be trading at 12c+. By Sept the company should be able to release enough drill results that confirms what they think is in the ground and the heads sp will likely exceed 30c. At that point the options will be 20c and holders will convert to heads. Warnie has previosly covered potential sp movements for this stock and I think what he has stated supports the above.
I note this thread is headed "is FDL overpriced". Well I recommend that those holders who believe that to be the case should put there shares up for sale at current prices. Im sure they will be snapped up.
cheers SAV
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
