Resource target is conceptual. 1 billion plus shares on issue. no new news announced at all today of serious value except there is POTENTIAL. one off payment of $8mill from FMG a while off. company only has 2mill cash or so so serious dilution still to come just to fund drilling. sp did not leak one bit before announcement suggesting insiders didn't think it was that big a deal. comparables such as TLM with far better iron-ore focused management and board, drills in the ground, and good high grade results with larger targets than FDL trading at discount to FDL hmmmm.... 1.9billion shares traded... almost double shares on issue yet no new substantial investor... not even 5%... suggests no real accumulation here. no existing infrastructure... reliant on FMG for future access... could go on forever
calls for this thing to go to 30c = MC 300-400mill plus are absolutely ridiculous at this stage. so be careful and dyor.
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
