this will fall hard, page-52

touchingcloth
Post #: 2314956
In Reply to msg: #2314942
IP: 122.105.xxx.xxx
Sentiment: Buy
Disclosure: Stock Held
Views: 483


prawn..i really suggest you reread the announcements and not listen to youngtrader's biased views.

FMG will drill and ship 1 of the tenements. FDL are capped at 8million tonnes. That is $800million in value and FDL have to do sweet f a.

This is a major cashflow boon for a still small company like fdl.

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how funny, your telling prawn to reread the announcement yet i wonder did you read the announcement or just to dumb to understand it?

they get a 1% royalty on 8 million tonnes.......which wouldn't occur for years. 1% royalty on 8 million....do the math