RHK - Red Hawk Mining

[greggy]

Re: FDL - Flinders Diamonds

ASF is founded on evaluation and discusion, not just stating a figure and not providing research to back it up.

If you provide your research it will allow other members to critique it and discuss the pros and cons. No research is virtually ramping and has a chance of being removed.

Please conisder this in you future posts.

Thanks

prawn

Here, here prawn_86. This thread was starting to make me wonder whether I had actually been moved across to HotCopper.
Analyst80's attempt at a value "Don't get too excited as they haven't drilled yet but if you value Flinders Diamonds on the way Fortescue was valued from the start by brokers Flinders' value is between $1.34 per share to $2.00 per share depending on how much iron ore there is (between 325mil-390mil) and the price of iron ore" is way premature and dangerous, especially for the newbies on this site. Any effort to compare Flinders Diamonds to Fortescue is nothing, but blatant ramping IMO. The 325 -390 million figure is just a target at this extremely early stage of exploration.
Its good to see the moderators keeping on top of the situation.
DYOR

 

[prawn_86]

Re: FDL - Flinders Diamonds

Thanks Greggy,

It always a delicate balance between letting people talk about a stock that has risen dramatically, and stopping the ramping.

It seems obvious now the analyst80 does not wish to contribute any analysis to this thread now that the market focus has moved away from FDL.

FWIW i still think that FDL is very overvalued, with a market cap of approx 80mill and nothing but their previous diamond projects and a 'target' iron ore project with no drills organised.

They were valued at around 2c before the iron ore ann, but personally i cant see a target adding 6cps worth of value.

the market is a strange beast...

 

[Dextrum]

Re: FDL - Flinders Diamonds

Rumour has it there is now Chinese interest in this stock. Hence the price support. At least this is what certain Beijing based sources are stating.

 

[prawn_86]

Re: FDL - Flinders Diamonds

Dextrum, is there any further evidence you can provide as to who these 'sources' actually are?

Otherwise there does not appear to be much substance to your claim.

thanks

prawn

 

[Buddy]

Re: FDL - Flinders Diamonds

Could it possibly be a chinese whisper? Sorry Mr Prawn, I couldnt resist that one. But you are right of course, we need the sauce! Starting to sound like HC.

 

[Dextrum]

Re: FDL - Flinders Diamonds

Pioneer Metals in BJ are rumoured to have interest. Am in Beijing at present and received this information.

 

[Dextrum]

Re: FDL - Flinders Diamonds

Have received confirmation of Pioneer Metals interest in taking an equity position in FDL. Information received at Metals Industry Conference in Beijing in late October and confirmed in discussions with company representative last week.

 

[npettigrew]

Re: FDL - Flinders Diamonds

If this is true Dex may be just what the doctor ordered. As what I have read:

Chen, the flashy daughter of a high-ranking Communist Party official, is the owner of a leading private iron ore trader, Pioneer Metals. She won respect in the Chinese steel industry by building a relationship with the world’s largest iron ore producer, Brazil’s CVRD (nyse: RIO - news - people ). Han is a veteran of Hebei Jinxi Iron & Steel who led a management buyout that converted it into a private-sector company.

Seems a serious player so time will tell. FDL just have the one target tennement and is is just that a target but it does look to have a good upside and may have been a good ploy buy then to keep Hamersley and get the diamonds rights on all FMG tenements knowing is they struck Fe on and around 882 then chances are it's worth a serious look and it not just close it is kissing the boundries it's just a matter of how much is there. Even if it is 200mt it's a sure company maker and sure they have a squillion shares on the market but nothing a share consolidation 1 for 5 or such if and when the price gets to a point to be attractive fro that.

If you hear anymore on this I am all ears.. :-0

 

[alankew]

Re: FDL - Flinders Diamonds

This thing is flying at the moment again.Up 20% for heads and 34% for options.Rumour that looks as if it originates on HC is that FMG are going to buy FDL for a substantial figure.Will not post figures as it is not the safest of places to pick up these things,just be careful as I just wanted to highlight the possible reason for the rise.If unsubstantiated will come back down again

 

[prawn_86]

Re: FDL - Flinders Diamonds

Why would FMG bother with such a tiny company?

Pure crap imo. FMG still have to focus on their tenaments and actually getting a positive cashflow before going on any takeovers.

 

[Prospector]

Re: FDL - Flinders Diamonds

Looking at the FDL exploration map provided earlier this week, they have quite a chunk of the reserves that FMG is currently developing - the middle corner. Is it ramping if I say that to me, I cant imagine FMG NOT being interested in taking over this site, just to complete the picture.

I do hold, but have done so for a very long time now - and I thought I would be making money from their diamonds:

 

[prawn_86]

Re: FDL - Flinders Diamonds

I know how close the tenaments are, but a lot of companies have tenaments next to FMGs. Does that mean FMG will take them all over?

Possibly in the distant future, but i would bet a substantial sum of cash that FDL will not recieve a takeover offer from FMG before FMG has a cashflow

 

[Prospector]

Re: FDL - Flinders Diamonds

Prawn, have you seen the map? It is not next to FMG tenements, it is part of them! Surrounded on three sides.

 

[prawn_86]

Re: FDL - Flinders Diamonds

I still think IF FMG were looking for acquisitions (which they wont until positive cashflow imo) then there are other co's out there which have actually done drilling that would suit them better.

Rather than some stock that is fully laden with traders at the moment and that has only a 'target' without even a hole in the ground.

 

[alankew]

Re: FDL - Flinders Diamonds

This seems like a more realistic explanation for todays rise,taken from ann on 15th"Fortescue is continuing to drill equally prospective targets in the eastern
portion of the Solomon Project area and expects to announce additional
resources in that area before Christmas."As YT has pointed out recently something with a relatively high content of Iron would be visible to the (experience) naked eye and wouldnt need sending for testing then we get the leaky ship syndrome.Just speculation atm but the same people that are noticing this would make more of a killing by buying shares in something adjacent to their target and presumably it wouldnt be insider dealing because it isnt!Still sick at missing the initial rise because Energex where working in my area

 

[Sean K]

Re: FDL - Flinders Diamonds

Looks like it might be breaking up from the pole and pennant. Target seems a bit much considering the mc rerating on the 'targeted' tonnage.

 

[sydneysider]

Re: FDL - Flinders Diamonds

Looks like it might be breaking up from the pole and pennant. Target seems a bit much considering the mc rerating on the 'targeted' tonnage.

Kennas, I always look into the history of the management before i get into a stock in a big way. I actually took the time to drive across South Australia last winter and wanted to go out and visit FDL's fabulous diamond find (amongst other sites). You might not remember that a bunch of SA politicians went out there to visit and the grains of sand that FDL found were being touted as possibly the birth of a major diamond industry. To-day it seems to the birth of a fabulous iron ore find. I haven't bothered to do any research on FDL. Should i bother?

 

[agro]

Re: FDL - Flinders Diamonds

Morning all,

FDL just broke the massive barrier at 10c and is following a trend led by Fortescue.

Is this on renewed anticipation of the drilling results expected in the first quarter of next year?

 

[Georgeb]

Re: FDL - Flinders Diamonds

I have heard there maybe discussions happening between FDL & Fortescue. It is interesting both stocks where up considerably today. Lets wait and see what happens.

 

[agro]

Re: FDL - Flinders Diamonds

I have heard there maybe discussions happening between FDL & Fortescue. It is interesting both stocks where up considerably today. Lets wait and see what happens.

where did you hear this - HotCopper? if so it is most likely bs..

never rule out the possibility though considering each other's proximity.