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

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 ??

I guess that if my assumption yesterday is correct, this stock should soon start going north as the MMs now have about two and a half million shares they can play with, so they have achieved their objective

Gordon,

well I would think those that were intending to stag it are probably no longer, so I can't see too many returned cheques ending up here.

On the otherhand, I can see some institutions possibly buying stakes, so maybe with the limited amount of stock available, the price may rise steadily northwards, rather than rocket like some had assumed pre flat?

I wonder whether some of the sellers were Phillip Securities customers, who presumably could trade on the first day?

I'm going to hold a while, hopefully they will rise once all the trading is out of the way. News may well come unexpectedly. Over the road someone thinks some good news may well be released in the not too distant future, and he was right about the FOGL additional licences, so possibly worth earing in mind.

lots of big sellers at the moment and price just about holding some positive press in sunday telegraph yesterday

May I refer all you guys punting in this stock to read Alistair Blair's article in the IC dated 3 December 2004 under his column "No Free Lunch". If he is right to me this is another directors get rich quick deal and all the punters wait for something to happen. If it does they still have 67% of the company for very little. They have not started drilling yet?

expect some news in January but can see slippage below 40p tempted to get out now ?

Gordon,

Well I may reduce, can use the money in more active stocks until news arrives here.

Still holding for now, but considering my options.

seems to be slowly heading towards 50p?

Gordon,

Yes FGML seems to have perked up, maybe thay have shaken out all the staggers now?

I still hold, and am pleased I didn't sell, maybe some news will soon arrive, and that's why the price is rising?

Good luck and Happy New year to all holders.

can anyone see further falls ??? as below the float level now