Dont think it will sink in straight away no matter how good the news....And I think the Suspension after Trading halt will be something of a double whammy.. I think FWL has been very Ethical & honest in its handling of difficult times & wont be a bit shocked to hear their grades are much better than expected,&the area to be drilled still has a fair chance of unveiling a much much larger deposit of DSO,& that Yes they have settled on a substantial partner prepared to finance the whole operation to the Great Benefit of FWL & all its patient shareholders! Remember how tightly held this stock is with most of it owned by Senior Mgement etc. & with the demand for Iron Ore being so great,hopefully this announcement will wash away all our fears & get onto everyones wishlist. If this turns out to be anywhere near right,I dont think it'll be around 50c. for long! The Market will come to see what a hugely profitable gem this will be.If that happens I think it'll move well beyond 50c in no time!Lets see!
LCG Price at posting:
21.2¢ Sentiment: ST Buy Disclosure: Held