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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Falkland Gold | FGML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.25 |
| Top Posts |
|---|
Posted at 05/8/2008 14:33 by strategist "wonderful opportunity" for long term investors i wonder how your imaginary sipp is getting on now lol, this is getting redeemed at 3p in march 09 and you will have been out of pocket for 5 years as well! |
Posted at 08/2/2007 10:34 by luckyswimmer Someone bought 150,000 earlier and that seems to have triggered interest. It's an unusually large buy for FGML - hopefully that investor knows something otherwise it could just be a spike in an illiquid stock. |
Posted at 09/10/2006 09:08 by frontiercapital Minews Story Date: October 09, 2006 That Was The Week That Was ... In London By Henry Sandford MInews.It seems that talk of a recovery last week was premature, and it was another difficult week for the mining shares small and large. HS. Yes. Weakness in the gold price didn't help, but miners were down across the commodity spectrum. Nevertheless, there was plenty going on worth discussing. Former darling of the AIM market, Asia Energy (AIM: AEN), resumed trading this week after a month long hiatus following a crash in its shares due to reports that the company's permission to develop its only asset, the Phulbari coal project in Bangladesh, has been revoked by the Bangladeshi government. There has still been no real clarification on the matter, and after relisting the shares ended the week down only 10 per cent at 105p which is an awful long way south of its peak.. It is still ahead of the company's cash value, so there must be a fair few optimists still around. However, even if the company is able to move forward with Phulbari, it will have a hard time ever regaining the confidence of the market. If the project is indeed doomed, then we can expect to see another dramatic crash and some very red faces, including that if its chairman. Looking to the bright side of the week, China's Zijin Mining Group continued to make a name for itself by making a substantial investment in Ridge Mining (AIM: RDG), which is developing PGM projects in South Africa. Zijin is a major Chinese mining group listed in Hong Kong, and last week bought a 10 per cent in stake in AIM and ASX listed Allied Gold. Zijin is to invest £8.2 million in Ridge by subscribing for a mix of shares and warrants and will hold almost 20 per cent of the company immediately after the deal goes through. The two companies are to cooperate on future project development, with Zijin bringing some particularly handy expertise in low grade open pit mining. Ridge shares closed up 30 per cent to 41p, compared to a price of 45p being paid by Zijin and an exercise price of 70p for its warrants. Four cash shells were de-listed this week after failing to find assets in time for the six month deadline issued in April. The shells were Chian Resources, Sino Asia Mining & Resources, Capricorn Resources and Enola Resources. Re-admission might occur if deals are completed, but otherwise it could be the end of the line. Investors should note the names of the people behind these companies and be wary if they appear again. First Quantum Minerals (AIM: FQM) bucked the market trend and saw its shares rise 6 per cent to 2700p, receiving a boost from a positive election result in Zambia, one of its main countries of operation. Zambia's presidential election had seen some threats against foreign owned mines from certain candidates, but in the end, the incumbent Levy Mwanawasa won another term, which may mean business as usual for Zambia's numerous foreign miners, but pressure is building. Some big names in the AIM market felt the pain of the downturn, with Peter Hambro Mining (AIM: POG) down 10 per cent to 1105.5p, and African Platinum (AIM: APP) 22 per cent to 21.3p. Peter Hambro spin-out Aricom (AIM: TIO) lost 11 per cent to 38p, while Bema Gold (AIM: BAU) fell 4 per cent to 225p and Yamana Gold (AIM: YAU) tumbled 9 per cent to 450p. One to move in the opposite direction, albeit only slightly, was Aquarius Platinum (AIM: AQP), which is still enjoying the positive sentiment generated by its annual financial statements, and a positive comment on Minesite. Enjoying the not unfamiliar distinction of suffering the biggest fall of the week was GoldStone Resources (AIM: GRL), which plummeted 38 per cent to 0.65p. The company has had almost no success with its gold exploration programme in Guyana, and although a recent reminder that BHP Billiton has an option over some of Goldstone's bauxite tenements in the Central American country may have given shareholders some encouragement, the market clearly remains wary. Other juniors suffering particularly heavy losses were mostly focussed on gold, with the weak price of the yellow metal causing shareholders in these companies to take flight. Condor Resources (AIM: CNR) slipped 28 per cent to 6.5p, and Peninsular Gold (AIM: PGL) fell 14 per cent to 42.5p. Greatland Gold (AIM: GGP) lost 20 per cent to 2.05p and Central Africa Gold (AIM: CAN) sank 31 per cent to 10p. Let's hope for an improved showing by gold next week. Minews. It has been suggested that investors are shorting mini-mining stocks where RAB Capital has a substantial holding. You might like to take a look into this. Companies featured in this Story Peter Hambro Mining Plc (AIM - POG) Ridge Mining Plc (AIM-RDG) First Quantum Minerals Ltd (TSX-FM,AIM-FQM) Peninsular Gold Ltd (AIM-PGL) Aquarius Platinum Ltd (ASX,LSE-AQP) Allied Gold Ltd (ASX-ALD) African Platinum Plc (AIM-APP) Zijin Mining Group Ltd (HKEX-2899) Asia Energy Plc (AIM-AEN) Aricom plc (AIM-TIO) |
Posted at 26/9/2006 15:47 by bigdunc From the Minesite"News flow from Falklands Gold has been infrequent and generally short on data, although Linnell justifies this by saying that results so far have been anomalous, in line with expectations, but not much else. He is keen that investors do not infer anything, good or bad, from batches of results like this, and would rather wait until real conclusions can be drawn. But the state of Falkland Gold's share price suggests that not everyone is comfortable with this approach, or else have lost their faith in the prospectivity of the Falkland Islands. Maybe Philip Richards of RAB knows something that has so far eluded everyone else." |
Posted at 19/12/2005 18:20 by bitterlemontart "UK junior Cambridge Mineral Resources "is analyzing possibilities to bring other UK investors interested in the Frontino Gold Mines purchase," said Carlos Alberto Uribe, director of national mining chamber Asomineros."FGML & RAB ?!?!? |
Posted at 19/12/2005 18:18 by bitterlemontart Frontino Gold valued at US$160mn 277 words 13 October 2005 Business News Americas English (c) 2005 Business News Americas (BNamericas.com) Colombia's national university has certified an analysis that shows local gold miner Frontino Gold Mines (FGM) is worth roughly US$160mn, the head of the company's restructuring process José David Castellanos told BNamericas. The valuation is part of Frontino's restructuring process. Fronterino operates in the municipality of Segovia in western Colombia's department of Antioquia. FGM's restructuring involves transforming the company from a publicly listed corporation to a limited partnership in which ownership would be divided among workers and retired staff. "Now this valuation must be approved by Colombia's companies regulator as well as the portion [of the company] owned by each worker - that is to say, we must define the value and determine what their stake will be in the company," Castellanos explained. Once the regulator approves the calculation, workers will have 90 days to decide if they want to accept the company shares as payment or proceed with the sale. "If workers do not reach agreement to accept the stake as payment within this period, Frontino will enter into a public tender offer so that interested investors can buy it out," the official said. But he said workers are open to accept shares and later decide if they want keep or sell them. UK junior Cambridge Mineral Resources "is analyzing possibilities to bring other UK investors interested in the Frontino Gold Mines purchase," said Carlos Alberto Uribe, director of national mining chamber Asomineros. Frontino Gold Mines' 12Mt in reserves will last 20 years. Cambridge (LSE: CMR) explores for gold and base metals in Europe and South America's Andes mountains. |
Posted at 14/12/2005 08:45 by bitterlemontart Gold Bullion Takes Off, When Will Gold Shares Follow? By Doug Casey 13 Dec 2005 at 01:42 PM EST STOWE, Vermont (Casey Research Advertorial) -- For most gold investors, the quintessential bull market was the move that took bullion to $850 in 1980. To help keep that happy ride in perspective, gold had bottomed at $104 in August of 1976. From there it rose 725%, to $850 in January of 1980, with most of the gain coming in 1979. In today's dollars, gold would need to reach about $2,000 to match that 1980 high. The next page in our story is trading activity on the Vancouver Stock Exchange (VSE), the world's leading exchange for junior resource stocks. The chart below shows the value of resource stock transactions from December 1978 through December of 1980. You'll note that, despite 1979's strong run-up in bullion prices, trading activity was nearly constant and at modest levels for most of the year, indicating remarkably little investor interest in gold stocks. Somewhat predictably, the big trading activity didn't come until January of 1980. Following gold's subsequent steep fall to $482 in March, trading picked up again as gold rallied to a secondary peak of $711 in September. While it's tempting to view the trading history as another case of investors piling into an investment at the worst possible time-in this case, after gold had peaked at $850-when you look at share prices, you'll see that's not quite the case. Share Prices Below is a sampling of the more prominent gold stocks of the day-juniors and producers-and how they fared over the 1979-1980 period. Between December 1978 and the gold's price peak in January 1980, gold stocks turned in stellar performances. It's noteworthy that the peak for the stocks came well after bullion had peaked. Even though the price of gold fell sharply-from $850 to $482, between January and March-it subsequently recovered and ran back up to $711 in September, giving gold stock investors a false hope that gold would retake its previous high and go to the stars. Unfortunately, the opposite happened, and the long dark night of falling bullion prices set in. Many stocks simply dried up and blew away. Also notable is that junior explorers often do much better than producers in a bull market, even one driven by strongly rising bullion prices. To figure out why that is, think back to the dot-com boom, when the startups and miscellaneous cats and dogs far outperformed established companies. Case in point: recall that, pre-merger, Time Warner, a going concern with tangible assets and an identifiable revenue stream, was able to command a market capitalization of "only" $83 billion... while loss-making AOL, rich mainly in blue sky, was valued at $163 billion. In the case of the former, the likely returns were predictable and clearly finite. In the case of the latter, investors paid up and paid big for the dream of untold riches... much the same as they do for junior explorers when hearts are beating fast for gold. So far, gold shares have been relatively quiet compared to gold itself. That will change, and dramatically so, once the investment masses wake up to gold and the role it has to play in the new economic realities. As indicated by the chart above, the investment masses will almost certainly wait until gold prices are significantly higher before piling in. But when they do, the upside for those investors smart enough to be building a portfolio of quality junior gold explorers at this stage-meaning now-will be truly stunning. In fact, I'm convinced that not only will the returns be much richer than in the 1979/1980 bull market... they'll be so rich that even I'll be surprised at how high the better companies go. This will be one for the books... don't miss it. |
Posted at 11/11/2005 16:37 by ad1967mc What's changed? Well it was worthless sheep pasture then and it's worthless sheep pasture now. The only difference is that the company is now cash rich (compared to current market cap) having fleeced IPO investors mercilessly. |
Posted at 19/6/2005 17:50 by bitterlemontart The Sunday Times - Money June 19, 2005 Ways to invest in the sector INVESTORS can cut the risk of putting money into the volatile commodities sector by limiting their holdings to about 10% to 15% of their portfolios. Mick Gilligan of Killik & Co, a stockbroker, said: "There is always a risk of a big short-term pull-back in a sector such as commodities, but we are bullish in the long term and would view any meaningful price falls as a buying opportunity." These are different ways of investing in the sector. Commodity funds Gilligan's favourite commodities fund is JPMF Natural Rescources, which invests in mining shares and has gained 217% over the past five years. However, its performance has dipped recently. The fund has dropped 10% since March, due partly to problems at its biggest holding, First Calgary. Shares in the AIM-quoted oil explorer fell more than 16% in one day this month after it called off a joint venture with Repsol, the Spanish oil giant. Even so, Gilligan is happy to recommend the fund to more adventurous clients. For cautious investors, however, he suggests the City Natural Resources High Yield fund. It invests in bonds as well as mining shares and is therefore able to pay a decent yield of 3.1%, which would cushion investors from any sell-off in the sector. For his most sophisticated investors, Gilligan likes the RAB Special Situations fund, but he warns it is twice as volatile as the market. Until recently, the scheme was available only to people who could invest a minimum of $50,000 (£27,000). Since May, however, investors have been able to get access to the fund by buying shares in the RAB Special Situations Company, which is quoted on AIM. In theory, this allows you to buy a stake for a few hundred pounds, but the directors stress the fund is meant for sophisticated investors. Philip Richards, the fund's manager, adopts a high-risk approach. He takes big stakes in smaller commodity companies, often before they have listed. About a quarter of his portfolio is in private companies. While this approach is high- risk, it has also produced high returns. The scheme is up 2,200% since January 2003. Gilligan said: "One of the big drivers of the fund's return has been its ability to buy companies while they are still private. The manager can then get an uplift of about four to eight times his stake when the stock comes to market." But he doubts whether Richards can repeat his performance: "The returns are due to a happy coincidence of his success in bringing companies to market and strong commodity returns. I doubt the two will coincide in such a way in future." Mining stocks Alternatively, investors could buy UK mining stocks. Graham French of the M&G Global Basics fund favours solid blue-chip miners such as Rio Tinto at £17.73. Richards thinks there are better opportunities among AIM-quoted stocks - if you have the expertise to avoid the likes of Regal Petroleum. One of his favourites is Falkland Oil & Gas. He said: "The firm may have found reserves of 8m to 24m barrels of oil, which would be worth $80 billion to $240 billion at current prices, yet the company has a market value of about $120m. I think I can make 30 to 50 times my money with Falkland Oil, but the risks are high." HOW THE LEADING FUNDS COMPARE Fund Initial charge Annual fee 5-year return Merrill Lynch World Mining - ¹ 0.95% 222% JPMF Natural Resources 5.5% 1.5% 217% M&G Global Basics 5% 1% 67% City Natural Resources High Yield - ¹ 1.2% 24% ¹ Investment trust; your stockbroker may charge dealing fees Source: Financial Express |
Posted at 08/4/2005 10:15 by markymar Best practice' approach to drilling, minerals company assures Falklands"BEST global practice" is being implemented by the minerals exploration company carrying out drilling in Lafonia, its Chief Executive has assured. Visiting the Islands this week, Richard Linnell of Falkland Gold and Minerals Ltd (FGML) says the company's investors want the exploration process carried out "without threatening the ecology." Five of a planned twenty-three exploratory wells have been drilled in Lafonia Mr Linnell said, "We know that there's gold somewhere in those rocks because we found it in the rivers; the geophysics that has been done tell us roughly where it is and we're doing more geophysics now to refine where our drilling targets should be." Explaining the process which leads to mining, Mr Linnell said, if a resource is defined, once the extent is known, "...we will then work out who will be the best people to develop it. "If it's a big resource, we might go direct to (large companies such as) Barrick Gold Corporation, Newmont Mining or Anglo American; if it's smaller, we'd find a suitable Canadian junior that knows how to operate that size of deposit. It is important that you have people who know what they're doing." The time scale involved from drilling to full scale mining is longer than many assume, Mr Linnell said. "We raised £10 million; that means, at the current rate of activities, we'll probably burn that in three to three and a half years." He said mining companies say it takes around twelve years for the process from initial identification of ground to opening a mine; here, "the earliest before any decision is even requested on a mine" he said, would be four years - "and that's a fast tracked-mine." Investors in FGML are keen to limit the impact of mining activities in the Islands, according to Mr Linnell; he says "horrible disasters" have occurred in the past around the world but, "...you just can't allow that any more." "Investors are not prepared to tolerate that sort of behaviour. For the last five years the mind set of all of the mining houses has changed to co-operating and going about this as good corporate citizens. "Once you've dug a hole in the ground you can't just take it away so investors are very wary at putting a hole in the ground until they're very sure that it's a good idea." He said the assent of the community is required for mining to go ahead: "You are always going to get those who oppose development for various reasons and those that are pushing forward development and so there is naturally a point of convergence and they will have to wrestle with how to manage it. "But you won't get any investment by someone like BHP (resource company) if there was any risk of clashing with the community." |
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