FDL flinders diamonds limited

takeover from fml or rio.... dj market talk

  1. 1,137 Posts.
    DJ MARKET TALK: Flinders Diamonds Continues Rising

    0048 GMT [Dow Jones] Flinders Diamonds (FDL.AU) still climbing as market digests news
    of iron ore target of up to 390 million metric tons. FDL shares up 23.6% to 11 cents
    after touching high of 15 cents, extending huge gains made Thursday; stock closed
    Wednesday at 1 cent. Buyers are betting Flinders can prove up its iron ore target and
    then team up with Fortescue Metals which has a billion ton resource at adjacent
    tenements. With market cap of just A$107 million, a takeover from Fortescue or Rio Tinto
    may also be in the cards. (APW)

    Contact us in Singapore. 65 64154 140;
    [email protected]

    (END) Dow Jones Newswires
    November 22, 2007 19:48 ET (00:48 GMT)
    Copyright (c) 2007 Dow Jones & Company, Inc.

    Friday 23 November 2007 11:48:10:870 AEST
 
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Currently unlisted public company.

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