My undertanding is that the flickers have already sold out, hence the 37 miilion traded (will be closer to 60 million shares by days end). Note also there would have been T+3 selling by those caught stock in the trading halt, so all in all doing very well today.
There were significant scale backs in the placement, otherwise substantial notices would be coming out(they still might).
With the 10 cent options management has a lot of incentive to keep the share price over 10 cents for the next 6 months.
Trendline support is at 11.5 cents ....
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FDL
flinders diamonds limited
My undertanding is that the flickers have already sold out,...
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