volume, page-2

g'day richest,
the high volume in the options trading and the 3c ( or thereabouts) premium to the heads is a strong indicator of the confidence in the market that fdl will be trading in the 13c levels before the conversion (10c) of the options deadline in september.
The options have performed well and had impressive volumes over the last two days and investors should get excellent leverage % wise on any increase in the heads compared to the options, particularly as the price movements above 10c will be in the half cent range rather than the .001c range when it's below the 10c level.
All positive from here I'd expect.
Placements usually dampen a share price as it has done with copper co until today which was up 6.5c (13%). They have suffered terribly with a merger and placement but the market has kicked in and volumes and price have started moving up today. Flinders has sufferred this sort of market dampening over the last few weeks but will be expected to increase with the next market update on the 882 drilling for iron-ore.