I hear they are putting in a new system called SAP and its not going well. If it badly hits a business the SP will tumble and will be a waste of millions.
What we need is to start production and then aim at being listed on the FTSE. I witnessed this once before and the particular share more than doubled having been added to the index. Prior to this the sp quadrupled on anticipation of the introduction. If I recall, you need a certain number of trades per annum and a certain market cap.
Of all the shares I own and comment on, FDI has the biggest bunch of de rampers and negative sentiment folk who obviously don't own shares but delight in small minded belittlement of the company.
2.5m buy at close
If you look at the Director dealings, do you think they would have been buying if they didn't see s huge profit ahead. No, they would have just depended on their options.
And there has been no news to drive this up apart from the fact that is really undervalued. I think we will have big news in November and can happily see this hit 10p in the next few weeks.
With the Rand at a low and mining in the doldrums this is a great time to fund the next set of developments. We also have a new CEO starting next month. This has a long way to go yet iMHO.
The company had to raise less capital than they thought, the rand is down so developments will cost less and by the reading of the RNS the additional money required is well on the way to being made available. I think this RNS was very positive.