Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The way I see it is that POQ could have chosen the long path again with a big capital raise on news of the SSH 1 well and chose not to. This in my opinion is quite telling. He has put away is number # 1 driver for a pitching wedge as he knows a deal to sell is close at hand. HE IS A GOOD GOLFER AFTER ALL. But a lousy promoter and marketer. Let's hope he has not put us in the same position we were in with Origin. GLA...Cammy
Well many are wondering about this I am too. We got a big results with the recent news so why not a big share price rise first followed by a financing.. This makes no sense. Some have posted with their frustrations and i totally understand. I think POQ has got a great deal to answer for and so does the bod.Just hurray up and sell the co POQ so we can get on our way...
Hello Poods. I hope all is well with you ! Yes I finally did get filled...BUT this was a market order. it should have been filled instantly and it was not. It took 45 minutes for a fill.....which as I have said before is ridiculous
WillowGrove you said it very succinctly in my opinion. I think you hit the nail on the head or in my parlance pinned the tail on the donkey! Just for fun checkout the media article from years ago that Falcon hunts a major payday for investors in the Irish Times. Just google it. Compare where we where are to today. What a contrast with this guy. It would be interesting to have an audit performed to see what the insiders actually own compared to what they have disclosed. Regardless this leprechaun has no scruples and is a lousy poker player in my opinion as he has turned over his cards. Of the $5million left in the kitty $2.1 has been allocated to our investor friendly CEO. for all of his years of service. The BOD should be sued for lack of fiduciary duty in my humble opinion
I think personally that your figure is cheap. If you go back in time and look at POQ's valuations charts this is way too cheap for wells that are flow as good as the best in the states. I think much higher....this guy will to quote him " extract the maximum out of a buyer" ...keep in mind his options....just my opinion...Camelot
It definitely sounds like you have the inside track here. Especially when you say " the price he negotiated" and not what he may negotiate. Are you telling us that POQ already has a deal done and you have knowledge of same?
Of the Leprechaun....I assume he is still hiding out in his office rather than talking with institutional investors....or the media....which is what he should have been doing in my opinion following the news of the stellar results. This guy really knows how to let down the retail crowd and gets paid well for doing it. He really is a slick little Irishman as someone else pointed out.
I don't know how the rest of the board feels but it's clear to me that POQ seems to be lacking here in many ways. One the result from the SSH 1 was fantastic. That being said is POQ currently out marketing. Nope. Is he currently trying to raise money. Nope. Years ago (maybe 2019) he had an article written in the Irish or London Times....talking about how he felt that Falcon may hold the "HOLY GRAIL of SHALE etc. Then he talked about how investors were looking for a big gain on their shares as Falcon does not pay a dividend. So now when the evidence is clearly there that we may be on to a huge opportunity with the SSH 1 result what is he doing,,,,,absolutely nothing that I can see. I must say that he and Anne remind me of two toddlers in diapers that get into a jar of peanut butter.....and rather than eat it....they have it all over themselves. I am told that POQ likes to cook in his spare time....man o man he must be cooking up a storm....and it's not Irish Stew,,,,it's a rather bad smelling tasting sandwich for the shareholders. Why the BOD does not through this clown out the door is beyond me, You can teach monkeys to perform better than this. .A little tip for JUNIOR BIRDMAN.....Falcons are supposed to fly...not be held captive in a cage, TIME FOR CHANGE!!
Well in my opinion I think your right. Just look at the trading patterns over the last week of so. A few trades in the day followed by a 7 share trade ...and then a large trade of 100,000 or so which is then cancelled and a bunch of trades of significant size followed at the end of the by unknowns...over and over again....The company for sure in my opinion has knowledge of this and it's time to put a stop to it....so if JF or IMATIRED are reading these posts which they are...there is trouble coming...
I can remember back in 2017...an Investment Newsletter authored by a Canadian...Keith Schaefer put out an article on Falcon. It was in response to the Amungee 1 well. The well flowed for I think 59 days at around 1million cubic feet per day. We now know that was even after the fracking was screwed up. He thought that maybe Falcon could be bought out by Origin prior to stage 2...which took the stock up in very short order to 49 cents cdn. So why now mister big shot IMATIRED OF THIS can you explain the stock performance when the result comes in at six plus this figure the stock does nothing....take your time to respond please....we can't wait to hear from you....
All of the investors that I know of and speak to were expecting a much greater rise in the share price following the news of last week. I have said that they were great numbers and they are. In the markets when companies release good news there is generally a pretty good bump up in value of the stock. That's basic. But when "stellar" results come put and the share price basically does nothing ...then something is not right. Where should we be trading? Much higher....much higher...so why not? Is it being held back for a hedge fund to come in on the cheap or another issuance of stock to Sheffield...maybe...but again this is unfair to the rest of us who have been patient. The notion that we don't have to raise capital is not accurate in my opinion at all. The next 2 wells will cost probably $60million...and we need a minimal of $15million to fund our share. Could it also be that POQ is having discussions about a sale to someone like Inpex...maybe and that could be a reason not to raise cash. But if he chooses to press on he needs money and he knows this despite what he indicated on the Investor Meet. Even their own analysts have a price target of 4 times where we are currently and I think that is cheap. I think the BOD runs the risk of a great deal of backlash from shareholders who are feeling disenfranchised. And JF Healy grow some manners....go pull the nails out of your eyes. Maybe you need a decent meal as the offerings at the Dublin dump must get pretty boring
Long...I appreciate your post. What bother me right now is the idea that you strike while the iron is hot. The news on the flow is great...better than great. To raise cash now would have been really easy for a guy like Nally. Industry veteran etc. Why would you not want to have the stock move high much higher on such good news and then raise let's say an additional $60 million or so to give you lot's of space in the event of a future market meltdown that could be caused by some shock that is unknown? Just defies logic. Especially for an accountant like POQ. He seems to be content to run down the bank account and not worry. Big mistake in my view. It almost seems like POQ is trying to keep us off the radar for some reason. As far as the valuations on paper we are worth so much more today than before. So why is he wasting this golden opportunity? What am I missing here. Will the big guys want to see more?? before a sale? Maybe.....so then give yourself the "skin" ( remember that term ) to be in the game in a big way. As I have said before "TIME FOR CHANGE"
There are many great posters on this board with lots of good ideas. Maybe someone can answer my question? With such great results why has there been no new research out from Cavendish or Tennyson? Should these results not invite a big re rating on values? Or are these companies no longer needed ?
Impossible to say for certain. But POQ has 2 options the way I see it. Go out and raise some fresh capital and play along further or move to monetize by selling out now to a major. Falcon is really not serving a great purpose now that the gas is flowing. A major may want to gain access to the game now and make an offer
While the news was really quite good, the trading was lackluster. Best news for years ! One thing that I noticed was that I don't believe Cavendish or Tennyson put out any new research or comments? Why I wonder? Can anyone offer an explanation
Agreed B2B. Let's hope POQ can use BS contacts and Nally's to get some excitement brewing. Many fund managers still associate Falcon with the Mako disaster. So they need to be educated somewhat on the great potential
Camelot