09/11/2004

Intention to float on the Alternative Investment Market (AIM) and appointment of new directors

Falkland Gold and Minerals Limited ("FGML"), an exploration company, announces that it intends to implement a placing and offer for subscription to raise up to 8m and to apply for the admission of its shares to trading on AIM.

FGML was incorporated in February 2004 and has begun an exploration programme for gold and other minerals in the Falkland Islands.
FGML holds the only licence to explore for gold and minerals, giving it exclusive exploration rights to substantially all of the onshore land mass of the Falkland Islands, covering approximately 12,000 km2.
The licence, currently valid to January 2007, will be extended by the Falkland Islands Government to July 2009 on admission to AIM.

The money raised will be used to undertake further stages of its exploration programme.


If its anything like FOGL it will be very oversubscribed

prospectus arrived today

TAKE A LOOK.

http://www.falkland-malvinas.com/NUM=3644

CANT GET LINK TO WORK,http://www.falkland-malvinos.com/Detalle.asp?NUM=3644

Allocations annnounced. there were 1563 applications for 14 m share. there were only 5 m on offer. Nearly 3 times oversubscribed. Everyone gets minimum of 2500 shares plus 11% of excess application. Bit like the good old days of Govt privitisations.

Conclusion: should be a strong start tomorrow. I expect it to hover around 60p level. If people come in ,it will go further. FOGL went to 61p ,drifted down to 50p in the days after listing. Now it is 80p after 6 weeks. Something similar would be great.

Anyone got any views?

Yep, I go with your prediction Profitmaker
JPDM FM

profitmaker,

I think your conclusion should be pretty near the mark IMHO.

I would be disappointed if the first day ended below 50p, which would be a 25% mark up.

RAB Capital may see some upward movement too, as they hold a fair slug of FMGL bought at a much lower price!

what happened was expecting premium of 20%+ ? it was 3x oversubscribed ?

could the mm's be short of stock?

4M shares traded 2day yet price gone nowhere it opened at 48p and then went backwards with 90% buys whats going on ?.


Falkland Gold & Minerals Ltd - Company Share Price

Real time: 10:37 AM
Delay time: 10:22 AM

Market Symbol Exchange Currency Shares in Issue
FGML London Stock Exchange GBX 0

Markets Data
Current (p) 43.00 Best Bid (p) 42.00 P/E Ratio
Change (p) 0.00 Best offer (p) 44.00 Div Yield
Change (%) Day high (p) 46.50 Market Cap () 0
Last sale (p) 42.85 Day low (p) 41.00 52 week high (p)
Last close (p) Day Volume 4,274,122 52 week low (p)

Time Mid price (p) Day change (p) Day change (%) Share volume
08:00 46.50 0.00 0.00
08:30 43.50 0.00 0.00 617,626
09:00 41.00 0.00 0.00 269,815
09:30 43.00 0.00 0.00 1,727,834
10:00 43.00 0.00 0.00 1,156,417
10:30 43.00 0.00 0.00 523,060
11:00 43.00

SOMETHING FISHY GOING ON....WHERE ARE ALL THE SELLS COMING FROM. WHO HAD THE SHARES BEFORE WE DID TO SELL.......VERY STRANGE SITUATION

5.2m trades today and the price goes nowhere ??

TO GORDON GEKO.....So what do you think has gone wrong........just look at all the sales now...I wonder why.

not sure whats going on thought RAB etc had a lock in ??

huge volumes and the price goes nowhere cannot understand it ??s

Who were the sellers ????????

Falkland Gold & Minerals Ltd - Company Share Trades

< < More recent tradesEarlier trades > >


Trade time Price (p) Volume Assumed purchase/sale* (p) Bid (p) Ask (p)
16:51 41.5 100000 purchase 39 42
16:25 41 50000 ? 40 42
16:23 40.88 21221 sale 40 42
16:22 40.88 2500 sale 40 42
16:20 40.88 25000 sale 40 42
16:20 40.12 10000 sale 40 42
16:18 41 20000 ? 40 42
16:14 40.88 23779 sale 40 42
16:10 40 6000 sale 40 42
16:08 41.1 300 purchase 40 42
16:06 40.95 2411 sale 40 42
16:04 40.95 7280 sale 40 42
15:54 41 2439 ? 40 42
15:52 41.5 300 purchase 40 42
15:48 41 1219 ? 40 42
15:41 40 13500 sale 40 42
15:39 41.1 2000 purchase 40 42
15:33 40 50000 sale 40 42
15:18 41.1 12500 purchase 40 42
15:17 41 2000 ? 40 42
15:14 41 420 ? 40 42
15:05 41.1 1946 purchase 40 42
15:04 41.1 2360 purchase 40 42
15:01 41.1 1192 purchase 40 42
15:00 39 50000 sale 40 42
14:53 41.2 1000 purchase 40 42
14:51 42 5000 purchase 40 42
14:42 41.3 1174 purchase 40 42
14:42 40 12500 sale 40 42
14:41 41.25 10000 purchase 40 42
14:31 41.5 9566 purchase 40 42
14:25 41.5 11962 purchase 40 42
14:17 40.75 2500 purchase 40 41
14:16 40.75 24356 purchase 40 41
14:16 40.75 2223 purchase 40 41
14:15 40.75 2453 purchase 40 41
14:06 42.75 50000 purchase 40 41
14:02 40.75 2000 purchase 40 41
13:46 40.5 5000 sale 40 42
13:34 40.3 1545 sale 40 42
13:33 41.5 1769 purchase 40 42
13:28 42 200000 purchase 40 42
13:28 42.25 200000 purchase 40 42
13:25 41.7 1271 purchase 40 42
13:24 42.25 17500 purchase 39 42
13:16 42 25000 sale 42 43
13:13 42.2 4000 sale 42 44
13:03 42.75 2339 sale 42 44
13:02 42.8 2284 sale 42 44
13:00 42.9 7000 sale 42 44

Bit of a disappointing day. Plenty of action. almost 25% of new shares traded. Can't really understand why this didn't move higher. Well, there's always tomorow.

never been involved in a new issue before, however would it be reasonable to assume that the MM's jobs is to get people to buy/sell shares.
If so, then if stock was oversubcribed by threefold and if they need to encourage a few sellers and buyers then they achieved their objective in there being about a qtr of a million more sells than buys. After all, as all stock was subcribed to, no one would be able to buy unless there were some sellers first.
They are therefore getting their ex's by encouraging loads of transcactions and are still sitting on those qtr of a million to play with.

can we assume that all those cheques to be returned from wh irlenad will be spent next week on the stock or were they all staging it ??