gindaldan,the cash position of fdl is forecast by many...

gindaldan,
the cash position of fdl is forecast by many shareholders to include the options conversion which from memory is about $38 million, this is much better than a placement and allows existing option holders to make a considered decision at any stage between now and the sept conversion date to participate as shareholders of the heads.
The company is cashed up for the intensive exploration of tenement 882 in the massive iron-ore precinct in the Hamersley and the recent placement tops these funds up going forward for other resource exploration on top of the iron-ore.
today' share price move up by 12.5% is a strong indication that the market is supporting Flinders future direction as a significant player in the iron-ore game.