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

Awaiting prospectus etc on this one! should have some huge rewards as the gold spot is said to be entering a bull with returns of immense proportions!

anyone know when the prospectus out ? as the floats supposed to be early dec ?

telephoned wh ireland prspectus out this thrusday and float date 9/12

Thanks GG, notleaving much time are they, still, i guess this will be over suscribed like FOGL

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