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Been a while...! This past year has been frustrating, to say the least, about the merits of our executive & company and how some posters have nothing but praise for their outstanding actions in taking the share price down to 25% of the former value of FO. As for me.... I have purchased 500K in more shares at these reduced values and greatly appreciate the opportunity to ad to my portfolio. So thanks to those that are letting shares go at a discount.
You are what you eat, and your value, regardless of the outcome, is comparative to the neighborhood. I believe that this puppy has a sold sticker on it, based on the outcome and I can wait for that day.
GLTA spazz
I'm looking for an answer to a question.
Can FOG (or future owners) of FOG, drill a well on their own, based on the newly adapted participation agreement, should the other partners choose not to participate and is there a limit to how many that might so choose to do, on the entire acreages?
Sheffield for CEO.......we could use a change in Government as well.
Congrats Mr. Poods on your perseverance and dedication, regardless of the odds. The last two days have done well for you!
Newt, I like you are back to even........refreshing and inspiring. Its been a long hall.
Good luck to the rest of us!
Spazz
https://www.stockwatch.com/Quote/Trades?C%3aFO&ex=V
Register for a free 30 trail and you can see all of the individual trades.
It most certainly is very strange and should maybe receive attention by the securities commission, since no news has been issued to warrant the action.
Just saying,
GLTA and Merry Christmas to you all!
As much as the Egg man decides it's worth. It seems that our Market Makers, RBC and Cenkos, haven't seen the presentation or not participated in the AGM or missed the memo entirely. Your CEO suggests about 60p, the sale chatter of other property suggests a pound. The market is what counts, and currently suggests that the information is not credible and requires outside confirmation of value.
So while not directly stated, 4,600,000 acres @ 1,000 per acre (minimum value) (substantially greater if neighboring property values support or enhance the acreage outcome) @ 22.5% (plus the additional amounts pending for the balance of the carries for the up and coming Appraisal Wells) put the Net current value of the Beetaloo asset to Falcon @ 1.035 M or 61 pence per share and only room to increase from that point.......no discounts. It also means only upwards from that point. Someone must be using a slide rule or skipped a decimal point, when calculating their sell out price. The only other explanation is that they want your shares and are willing to continue to discourage you till you render them.
Did I hear correctly??? "FO and Origin have completed their "exploration phase" and will be talking to the promotors about valuation in the coming 9-12-24 months?
Marsh - I'm with you, the corruption on this is monumental. It includes the trading platform at the TSX Venture Exchange and the 5 other subsidiary exchanges that you don't see, The London Board and the day to day unreported transactions until a later date, the former founder and his left over minions, including the Fabrege Egg man and also including that mythical little creature from Irish Folklore.
The regulators could care a less about their integrity, on explaining how a stock can be manipulated so much so as to decline by 70% in 3 years, with each dip exceeding the last on each tidbit of positive news.
And why, the LTH of this stock don't revolt on the notion of asking for accountability, and when our illustrious leader is asked who and why these things are happening, answers with "the markets don't interest me"
They should know who, what, when where and why stuff happens to this stock and in that pay grid.......should know very well.
The Cenkos data should be easy access, last time I looked, they work for this board and therefore its shareholders.
Here was the message in 2014, posted in the company presentation. If we are hitting the arrow on the head at the moment, it might suggest 4,009*4.6m*22.5 or 4.149B for Falcon's interest. If all of the descriptions of Falcon's circumstances are true, adding that LNG is currently priced much more favorably and might in fact be the only answer to substantially greenhouse emissions.....
Here's the link, you do the math. These are Falcon prepared graphs and not Soly.
https://agoracom.com/ir/Falcon/forums/discussion/topics/511890-the-falcon-play/messages/1916676#message
Two things:
You all have till Monday to place your votes to either support the FO Board, the CEO and their activities. The purpose of a Board is to manage the corporation for the highest and best results for the benefit of the shareholders as a whole and not just certain ones that are privy to inside information. In my humble opinion, there have been a volley of circumstances that have befallen this company that are beyond the control of its board. The ones that were in its control, were not dealt with well and maybe even poorly, so my vote will not be supporting those actions.
Every vote counts, do your part.
Second, one never knows if we will see or exceed those dizzying heights again, but given the flow of information and the past courtesies that have been extended in the past 4 years, we may have already exceeded them.....but we have just not been told as yet.
Best of Luck all!!!!!
Spazz
https://www.stockwatch.com/Chart/Advanced/C/FO/15
Back then, there was no Beetaloo
https://www.stockwatch.com/Chart/Advanced/C/FO/3
Just Saying,
Just for interest sake, 1.66% of the stock traded in August, 29.10% of the stock traded in September and 5.96 % of the stock traded in October, a total of 360,548,297 shares, of the total float of 981,847,425..36.72% of the shares, not accounting for day trading and transfers between accounts held between related parties. On the best day, September 6, it traded at 14.15 pence (a Holiday abroad) and today, after several pieces of "great news" @ 7.40 pence. The math speaks for itself this three months and someone wants you to sell prematurely. I didn't care for Soly, but he may be correct on the BRB and value.
I'd still like to figure out which one of you are POQ, I know you're here.
Beetaloo
Thanks for the optimism!!! I've always told my kids to "dare to dream" and that dreaming big comes at no extra cost. That having been said, from my economics days, is that supply, demand and value are funny things. And that sometimes (when you want to clear 100% of something) the last 22.5%, (shortage from the 100%), comes at a very steep curve.
Thankfully....your math works out good for me too! Much more then drip, drip, drip and no plumber on the team to manage the leak.
Although, the one and only time I met POQ, he suggested a target of $5, but at that time, that would get you 6 liters of gas, now 3.2.
But Dream on my friend, its a good thing to do!
In case anyone plans on asking, I would be delighted to be the recipient of $2 per share plus one share of Origin for 2 shares of my Falcon, but the $2 plus one for one has a better ring to it. It would still be a wise use of that 10% sale agreement!
Can someone please help me understand. I don't post often but I have been in the game since about 2010.
I have heard the story about Petrohunter Shares being disbursed, Nick Mathys shortening his holdings.....bla, bla, bla.
Here are a few facts:
In September the UK processed 225,060,560 shares, the Canadian market(s) processed 51,031,613 shares and the American OTC processed 9,597,024 shares, for a total of 285,689,197, a total of 29.10% of all of the shares outstanding.
Yes, there are day trades, yes there are repositioning's happening for tax matters (or in my case Tax Free matters), but most certainly enough to dispose of Petrohunter and Mathys.
Today's news amounted to a statement of components in the discovery that for all intensive purposes (as stated in the press release) to disclose to the public (you and me) of "insider information". I personally have no idea what that interprets to, but it seems to me that a whole pile of misinformed people, including me, are making decisions on something that they have no clue about.
The science and the math is solid, but a stock is only worth what two people decide upon in the moment. It really doesn't represent a "Fair Market Value" , a "speculative value" or any other value, other then someone is willing to part with so much at a certain price. My number is slightly higher then the rest of you, because my math says so. It will get to that point, once the sellers stop selling and the buyers remain interested........ or we get bought out. Todays news was to satisfy regulators of compliance and that's about it.
Think about it
Did you know that between September 1, 2021 and September 16, 2021, there was 184,829,812 shares trade hands in the UK, there was 42,926,084 shares traded in Canada and 5,990,461 shares traded in the US, in all 233,746,357 on the 3 markets. FOG has a total of 981,847,425 shares outstanding. That represents a total of 23.81% of outstanding shares. Not sure how many of those are day-traded or repositioning for tax reasons, but regardless, a significant number. GLTA
https://www.stockwatch.com/Quote/Detail?C:FO
Not all Canadian Trades are shown on the TSXV
Opened @ .195 Canadian, currently @ .18 Canadian......4:1 on the Bid/Ask