FDL flinders diamonds limited

The danger with FDL that I see is the share dilution. While the...

  1. sheepdip
    418 Posts.
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    23/11/07
    09:05
    Post #: 3036517
    The danger with FDL that I see is the share dilution. While the share price might seem low there are almost a BILLION of them on issue.

    Its a great prospect no doubt, but every cent added to the share price is adding $10 million to the market cap. Sure it can run further from here but it will soon start to look very overvalued relative to its peers. Be careful.
    FDL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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