RHK - Red Hawk Mining
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Realist
Billie Jean is not my lover
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Re: FDL - Flinders Diamonds
This one has been beaten like a narc at a biker party recently.
.014 now.
I reckon it is a speculative buy at this price... We'll see
This one has been beaten like a narc at a biker party recently.
.014 now.
I reckon it is a speculative buy at this price... We'll see
Sean K
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Re: FDL - Flinders Diamonds
Why do you say that Realist?
Chart? Some fundamentals? Realtive price movement? I've got this on the watchlist and had my finger primed numerous times only to hold off. Not sure why. I'm also thinking takeover by someone like RIO to add to their diamond collection.........
Realist said:This one has been beaten like a narc at a biker party recently.
.014 now.
I reckon it is a speculative buy at this price... We'll see
Why do you say that Realist?
Chart? Some fundamentals? Realtive price movement? I've got this on the watchlist and had my finger primed numerous times only to hold off. Not sure why. I'm also thinking takeover by someone like RIO to add to their diamond collection.........
Realist
Billie Jean is not my lover
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Re: FDL - Flinders Diamonds
Hmm... it is a gamble.
No diamonds were recovered from FBS 1,2,6,7,8.
The market reacted strongly and FDL has dropped to have a market cap of under $4M.
It is cheap!!! Considering there was talk of it having the largest Kimberlite pipe in the world a few months ago.
Compare it to Kimberley Diamonds which has a Market cap of $340M - nearly 100 times Flinders. Yet they have virtually no cash, and lost $16M last year alone.
Now, samples 3 & 4 did recover 30 diamonds, and 26 kimberlites are being analysed in Canada.
They have found diamonds, we are waiting on results, as a punt it is cheap to get in at 1.4c.
Only time will tell...
kennas said:
Hmm... it is a gamble.
No diamonds were recovered from FBS 1,2,6,7,8.
The market reacted strongly and FDL has dropped to have a market cap of under $4M.
It is cheap!!! Considering there was talk of it having the largest Kimberlite pipe in the world a few months ago.
Compare it to Kimberley Diamonds which has a Market cap of $340M - nearly 100 times Flinders. Yet they have virtually no cash, and lost $16M last year alone.
Now, samples 3 & 4 did recover 30 diamonds, and 26 kimberlites are being analysed in Canada.
They have found diamonds, we are waiting on results, as a punt it is cheap to get in at 1.4c.
Only time will tell...
Realist
Billie Jean is not my lover
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Re: FDL - Flinders Diamonds
Do they have diamonds though Ken?
Please elaborate...
Ken said:
Do they have diamonds though Ken?
Please elaborate...
Re: FDL - Flinders Diamonds
I read in the Australian Financial Review that Diamonds were in big demand. It was a major article on Rio Tinto after they found a pink Diamond valued at a million dollars. Basic story is the price of diamonds had not risen as much as other commodities.
That was about 4 months ago.
If you look at diamond producing companies NAD are one of the cheapest around. Will be doing more research into Flinders.
I read in the Australian Financial Review that Diamonds were in big demand. It was a major article on Rio Tinto after they found a pink Diamond valued at a million dollars. Basic story is the price of diamonds had not risen as much as other commodities.
That was about 4 months ago.
If you look at diamond producing companies NAD are one of the cheapest around. Will be doing more research into Flinders.
Prospector
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Re: FDL - Flinders Diamonds
But if FDL doesnt have any diamonds the price of them is irrelevant!
But if FDL doesnt have any diamonds the price of them is irrelevant!
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Re: FDL - Flinders Diamonds
Yep - they haven't shown much thus far and the worlds largest kimberlite pipe may be interesting to the geologists - but until it shows up economic diamonds - forget about it...
That said though - the Argyle Diamond mine came out of nowhere, risky drilling and clever guessing (and some luck as well) turned up what is still the worlds biggest diamond mine... i wouldn't put it past FDL but the chances are just infinitessimally small - that said if it comes to pass... there will be a lot of wealthy FDL holders out there (if they sell right)...
Yep - they haven't shown much thus far and the worlds largest kimberlite pipe may be interesting to the geologists - but until it shows up economic diamonds - forget about it...
That said though - the Argyle Diamond mine came out of nowhere, risky drilling and clever guessing (and some luck as well) turned up what is still the worlds biggest diamond mine... i wouldn't put it past FDL but the chances are just infinitessimally small - that said if it comes to pass... there will be a lot of wealthy FDL holders out there (if they sell right)...
Realist
Billie Jean is not my lover
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Re: FDL - Flinders Diamonds
I just hope they find one diamond, any crappy diamond even if it just fell out of ladies wedding ring, so the share price can go up to what I bought it for.
I just hope they find one diamond, any crappy diamond even if it just fell out of ladies wedding ring, so the share price can go up to what I bought it for.
Prospector
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Re: FDL - Flinders Diamonds
Know what you mean! I am in the same boat! I hope I dont have more diamonds on my finger than they do in the ground!:
Know what you mean! I am in the same boat! I hope I dont have more diamonds on my finger than they do in the ground!
:
Realist
Billie Jean is not my lover
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Re: FDL - Flinders Diamonds
I think FDL have exactly the same number of diamonds that I have on my wedding finger!
NONE!
I think FDL have exactly the same number of diamonds that I have on my wedding finger!
NONE!
Re: FDL - Flinders Diamonds
Please do not act on this advice
however I have been informed that flinders diamonds will be going into production mid 2007.
expect some big volumes before xmas.
NAD are also in a good position and are expected to be making further positive announcements. Stage 3 of their Merlin project will be starting well ahead of expectation.
Please do not act on this advice
however I have been informed that flinders diamonds will be going into production mid 2007.
expect some big volumes before xmas.
NAD are also in a good position and are expected to be making further positive announcements. Stage 3 of their Merlin project will be starting well ahead of expectation.
Prospector
Not a scaredy cat anymore
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Re: FDL - Flinders Diamonds
Thought it was going to be in a trading halt til Wednesday!
Thought it was going to be in a trading halt til Wednesday!
