RHK - Red Hawk Mining

[wotthe]

Re: FDL - Flinders Diamonds

Thanks for looking at it, Kennas.

I was looking at the beginning of narrowing of the bollinger bands and the possibility of the crossing of the lines in MACD and just wondering whether they meant anything at this stage ... obviously not.

I'll keep reading and looking at charts until, maybe, one day they make sense.

Your help is much appreciated!

 

[Prospector]

Re: FDL - Flinders Diamonds

There seems to be some interesting things happening with the share price at the moment. Are there any announcements due?

 

[binginbarrel]

Re: FDL - Flinders Diamonds

Seems to me that the big players are shaking out the jittery smaller holders today.
With the registry remaining at current numbers for at least a few years, a sampling plant on the purchase and following recent cap raising have cash in reserves to do their business, it`s a buy.
Can you go wrong with it at 1cent?

 

[BIG BWACULL]

Re: FDL - Flinders Diamonds

Seems to me that the big players are shaking out the jittery smaller holders today.
With the registry remaining at current numbers for at least a few years, a sampling plant on the purchase and following recent cap raising have cash in reserves to do their business, it`s a buy.
Can you go wrong with it at 1cent?

Yes if it goes to half a cent then your up **** creek without a paddle i centers mean small price moves = big gains and also large losses Seas are quite choppy at the moment (bad enough were out of paddles)

 

[Pat]

Re: FDL - Flinders Diamonds

Seems to me that the big players are shaking out the jittery smaller holders today.
With the registry remaining at current numbers for at least a few years, a sampling plant on the purchase and following recent cap raising have cash in reserves to do their business, it`s a buy.
Can you go wrong with it at 1cent?

As per price action it's a buy... I guess.

Yes if it goes to half a cent then your up **** creek without a paddle i centers mean small price moves = big gains and also large losses Seas are quite choppy at the moment (bad enough were out of paddles)

But BIG BWACULL is right, and IMO FDL has nothing... yet

 

[Prospector]

Re: FDL - Flinders Diamonds

Can you go wrong with it at 1cent?

I used to say that too when PDN was 11 cents! It has gone a bit rocky now, but I was pleased with that outcome so am hoping that one day, FDL may so the same thing for me!:

 

[binginbarrel]

Re: FDL - Flinders Diamonds

Can you go wrong with it at 1cent?

Unless you put all your eggs in it of course.

I`m no expert on mining but isn`t there a shortage of some equipment (mainly core drilling rigs). Not sure on the sampling gear.

I bought some Flinders today, main thought behind it was I feel `Diamonds are forever` and the bottom of the chart price. No other reason.

 

[zt3000]

Re: FDL - Flinders Diamonds

Up 40% for the day. Issued with a speeding ticket. 120+ million volume. Previous best over last year 30 million. The first day of increased volume

 

[Biggle]

Re: FDL - Flinders Diamonds

The question that needs to be asked is why the sudden interest? Could it be the 20 kg of sample material from the Hamersley Project, which were sent to the laboratory for diamond indicator mineral analysis, where the results are expected in the end of Ausgust.

 

[IOT]

Re: FDL - Flinders Diamonds

glad to see some movement here...i jumped on this at the previous highs -just before the market fall..bad timing

wonder what the reason is though..

 

[juw177]

Re: FDL - Flinders Diamonds

Given the recent success of my buying breakout of ridiculously high volumes on no news (HGR, IMI and GDN!), I took a punt in this one expecting good news in the next few days.

 

[mark70920]

Re: FDL - Flinders Diamonds

Thursday 6 September 2007
AUSTRALIA’S LARGEST TALC PRODUCER IN
NEW S.A. SEARCH WITH FLINDERS DIAMONDS
Australia’s largest talc producer, Luzenac Australia Pty Ltd, has signed an
agreement with Flinders Diamonds Limited to explore for the industrial mineral
in South Australia’s lower mid north.
The agreement – between the talc producer, and ASX listed and Adelaidebased
Flinders Diamonds – provides for Luzenac to take any commercial
discovery through to an operating talc mine.
Luzenac – which approached Flinders Diamonds about the exploration
proposal - is a 100% owned subsidiary of Rio Tinto Limited. The Company is
Australia’s main talc producer through its Three Springs operation located 330
km north of Perth in Western Australia.
“Luzenac’s main focus for drilling and metallurgical work is near the Truro talc
deposit located about 80 km northeast of Adelaide,” Flinders Diamonds’
Managing Director, Dr Kevin Wills, said today.
This area forms the northwest corner of, EL 3064, over which Flinders holds
diamond and industrial minerals rights, and which Luzenac will now have the
exclusive right to explore for talc. Base metal and gold rights to EL 3064 are
held by Maximus Resources Limited which is also a signatory to the
agreement. Any consideration will be shared in the proportions 75% Flinders
and 25% Maximus.
“If a mine is developed, Flinders will benefit from a 1% net smelter return
royalty from any talc production,” Dr Wills said.
The talc mineralisation in the Truro area is contained within altered Cambrian
marbles. Talc has a wide variety of industrial and cosmetic uses with
numerous specific properties needing to be tested. Its main determinants of
grade are purity and colour.
MEDIA CONTACT:
Dr Kevin Wills Flinders Diamonds Limited 0419 850 997
Kevin Skinner Field Public Relations (08) 8234 9555 / 0414 822 631

 

[happytown]

Re: FDL - Flinders Diamonds

nice iron ore ann, currently up 140%, pretty easy though when you last traded at .01

HIGHLIGHTS

HAMERSLEY TENEMENT E47/882 (FDL earning 100%)

• Flinders Diamonds Limited (ASX: FDL) has carried out an independent review of the iron ore potential on its Hamersley tenement E47/882 (FDL earning 100%).

• This review has outlined an exploration target of between 325 and 390 million tonnes of iron ore averaging 56% iron.

• FDL is carefully considering its options on the best way to structure its forward activities to maximise future shareholder benefits.

FMG-FDL HAMERSLEY JOINT VENTURE (FDL owns a 1% FOB iron ore royalty, capped at 8 Mt)

• Fortescue Metals Group (ASX: FMG) has advised FDL that it has recently discovered an inferred resource of 220 million tonnes of iron ore averaging 56% iron on the FMG-FDL JV tenement E47/1306, Hamersley West.

• FMG’s expectation is that their obligation to pay FDL a 1% Freight On Board (FOB) royalty capped at 8 million tonnes of ore will now be fully met by a development on either E47/1306 or E47/1016.

cheers

 

[YOUNG_TRADER]

Re: FDL - Flinders Diamonds

With a mkt cap of $20m

And cash and listed investments + a royalty of $10m+

An EV of $10m for a 350Mt 56%Fe target seems cheap,

This is only going one way!

 

[ianablue]

Re: FDL - Flinders Diamonds

Over 200 million shares traded today at 150%+ increase on yesterday close.
Tenerment adjoins FMG substantial Iron ore tenement

 

[YOUNG_TRADER]

Re: FDL - Flinders Diamonds

FDL has 950m shares

Mkt Cap at 2.5c = $24m

Cash $6m
Listed Investments (MXR/MXRO/CRJ) $2m
FMG Royalty $8m


Total Assets = $16m


So EV for the 350Mt target = $8m = 20c per tonne Way too cheap

I'd say an EV of $1t for the target = $35m

+ $16m in assets = $51m = 5c+

 

[prawn_86]

Re: FDL - Flinders Diamonds

Didnt take long for it to reach 5c.

Will be interesting to see what happens now. Ie - how many people take profits, or if the day traders keep pushing it up.

 

[SevenFX]

Re: FDL - Flinders Diamonds

Opened at 2.1c

Up 400% from this sleepy old FDL stock previously traded to the new FDL on steriods...

SevenFX

 

[sleeper88]

Re: FDL - Flinders Diamonds

finding it hard to break 5c? i offloaded mhl and jumped on this......................................

 

[IOT]

Re: FDL - Flinders Diamonds

wow!! I have been so close to selling this at a loss so many times. now the real test can it hold?