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This is good news if placing is coming
But hope at some time in the next couple of years to say I don't understand why the so has increased so much!
They have proved what they can do and lots of companies in this area are all heading towards development.
So unlike the sp today am not going to get too down about the sp drop today.
Atb,
Northern
Buckeye, you got it right, it is about how the funding for the pilot program, dilution, etc., shakes out. Once there is certainty there, whatever it is, and then, most importantly, the pilot is executed successfully, stellar results, etc., then we will have an amazing value platform and the market will take notice. May be exactly like the Amungee H1, but this time when it skyrockets, it will hold, and we will get multiples from that during a buyout. But this penny stock sitting on the next Marcellus, 22.5% of it, is now, more than ever, an amazing natural gas pure play! Sit tight, be patient and let this unfold. The size of the prize is truly there.
Where’s Kip, where the hell is Kip?
But as those of us in Falcon since the Bruner days, nothing should surprise us. It's always been a speculative investment that recently showed much more promise finally, for a good return. Whether it's a potential financing/dilution, or getting the recent traders out, or a potential problem with the well progress (not evidenced with Tamboran), we as shareholders won't know unless the company provides an update. Unfortunately, I'm not hopeful of one, but would certainly appreciate it.
Longknife - this game is not set up for retail. The institutional money will want a deal and this is the prior 3month average. POQ has done this before. We do need money, the institutional guys will want a deal. They will position it in their clients accounts, wait for confirmation from the next full length horizontal and then start to walk it up. Nothing else makes sense. This has not been an easy hold. GLTA.
Tsoprano: I got filled on my own 'stink' bid and have now thrown down another - let's see if someone wants to contribute to my cause. This is an interesting shakeout - for what purpose I really don't know. I would hope the board or POQ would put something out concerning the stock's weakness, but I know better :^) I'll just continue to play along.
Ohhh ... it's coming down way quicker than I've anticipated. WOW!
Oil,
Unfortunately, you're probably right. Then they can say it was at the same price as such and such a date.
Tnbird -- really really disappointing to see the old adage is back again with a vengeance -- sheesh. Maybe Marshmill is getting a chance to buy a few more, but I am never buying another share and would like to get rid of a bunch, but that is a long long way off now.
Tamboran is still holding very nicely at just under 20 Aussie cents -- so the only thing that makes sense to me is that Riddle has been on the promotion campaign for the past year and virtually nothing from Falcon over the past year!!!
Longknife, buying opp indeed. I got two stink bids filled. Watch the spread between bid and ask. If there was a seller that wanted out badly, he would be moving offer down. Think this is creating panic? Stop loss orders getting triggered? Specialist is doing wonderful job. Just wish I knew who buyer was. Shake that tree boys. Let’s get all the weak hands and traders out. No word from POQ? Maybe he knows who is buying? Fun times, as advertised.
4,854,853 Shares traded so far this morning in the US, all downhill. Fascinating Indeed. To Newto's addage.....we can always buy lower.
The only explanation that makes sense here is that there will be a financing announcement soon and priced in this range. Seen this before.
Any UK folks have access to Research Tree. There was a 3/4 Cavenedish update that mentions FOG. I cannot access it because I am in the US. Not asking to copy and paste it just if there was anything in the report we might want to know. Thanks.
I have been up to my neck deep in FOLGF since 2009. I didn't use my retirement savings or leverage any assets of mine to make my Falcon nest egg. My shares were purchased with an end result in mind. My recommendation? ......stop freaking out over the daily (manipulated in my opinion) stock price. The recently released asset results were incredible, and we will all be rewarded in the end. Patience is a virtue.
Highest volume I've seen in years in the US and going down fast! Here's that buying opportunity some were wanting!
Fairly large volumes on US and CA this morning, but shares have drifted lower.
2.5 milllion shares just traded in the US dropping the share price 12%. Amazing. 40% share drop since our stellar rates. Love to understand why.
I’m afraid to think where the stock would be if flow rate was in line with expectations!🤢
Er.... this is why Directors have to declare shareholding when they cross certain thresholds, so it can be plainly seen what their interest is.
Yet more patience is needed here. I sense a few of you are approaching the ragged edge.
And also, the bookie never bets on the horse himself. Never buys in the open market. Classic example of CEO enriching himself over time, while shareholders languish.
…and the bookie is a slick Irishman who has incentive to drag it out, to perpetuate his $600,000 of risk-free annual compensation.
Getting quite silly all this. All the problems being talked about existed before the find. Would have thought at the very least the price stayed static. It’s Like getting a winner on the horses not being paid out and the bookies keeping your stake. I am not going anywhere but when this comes good it’s my last investment on AIM as I really can’t get my head around it.
KMJ. Lived in Rutherford for years and went by Satin Dolls on 17 all the time. Also Steve's Sizzling Steaks a classic there. Glad to be out of NJ but what a great show!
Camelot, put a stop what? Someone accumulating? And what trouble do you see by someone getting a large share of us leading to a buyout. The more cheap shares they get down here the higher they can bid later, if need be, and still own us for the price they want. The tactic they are using won’t work for long. Well, unless enough fools keep falling for it. But, eventually the cow goes dry and they move up to another level and continue lulling us to sleep until abrupt, violent takedowns and recoveries occur again. I will continue to put stink bids in to try and steal some panic shares. Everyone seems to think we will be just dead money for awhile. What better time to play this game. I’d also be interested to know who will be involved in any placement, if there is one. The accumulators should expose themselves there for a big chunk of cheap stock. While some think we are headed into boring times, I disagree. The daily trading should be interesting to watch as this plays out over next 2-3 months. As to 7 share trade, last bit of someone’s position getting dumped after rest was taken out? Meaningless in my mind. Volume is the key. Volume before price appreciation.
T