Falcon Oil & Gas Share Discussion Threads

[robward] 21/3/2017 16:09

Perhaps you should go to Specsavers.....no pump and dump...just profit taking on the way up !

[loglorry1] 21/3/2017 15:49

Looking like yet another pump and dump to me.

[kumala] 21/3/2017 15:48

Watching with great interest looking for entry pount was tempted early AM. Glad i held off.:)K

[tom111] 21/3/2017 15:35

back in hope it consolidates some what or slowly move up.dont like those big jumps

[palwing13] 21/3/2017 15:02

No news may mean profit taking causing a retrace, encouraging more profit taking...causing a further retrace until herd mentality considers it a bargain worth gambling on.

[palwing13] 21/3/2017 14:03

"Updates to the market shall be provided as the evaluation of Beetaloo W-1 is completed and a steady gas flow rate is established on Amungee NW-1H. We will also provide further information on the moratorium as it becomes available."With no time scales announced.. this may drift sideways or lower IMO.However, if the moratorium is lifted...it could rocket. Sitting on the sidelines for now.GLA

[dlm2602] 21/3/2017 09:09

Oops.

I have assumed AUD$ rather than US$. If it is US$ the numbers are 30% better i.e 86p per falcon share for undeveloped land

[dlm2602] 21/3/2017 09:04

Have a look at this old Falcon presentation from Nov-15 and skip to page 21 - the value proposition. Admittedly, oil and gas prices have moved since then, although given the shortages in AUS i'm not sure if this is up or down.

FGO's net acreage in the Beetaloo is 1.4m. Their assessment of take out prices per acre for similar acreages for "undeveloped" land is $644 per acre. This equates to $901.6m or approximately £560m = 66p per share. Once the land is categorised as "appraised", the takeout price historically achieved rises to $4,009 per acre, nearly a 5 fold increase. There are many if's, but's and maybe's in this analysis but even if we err on the side of extreme caution, there is still a lot to play for. This is why I am invested.

Falcon:

[thecynical1] 21/3/2017 08:32

having a few is good.....having a quantity in 6 figures....makes it all the more interesting!!!!! ; )

[trulyscrumptious] 21/3/2017 08:17

It's one of those rare stocks that everyone should have a few of because not many will be needed if all goes well.

[thecynical1] 21/3/2017 08:09

another interesting start to the day......is the 30p hurdle going to fall today, I wonder? there is no basically no resistance at these levels so it´ll be interesting to see just far it goes....

[trulyscrumptious] 21/3/2017 07:14

For anyone who is new to Falcon, this is worth a listen.

hxxp://www.malcysblog.com/2017/02/proactive-investors-stocktube-interview-falcon-oil-gas-colossal-potential-gas-discovery/

[mirabeau] 20/3/2017 14:43

2 v 1 on the book

150k either side

[thecynical1] 20/3/2017 14:39

was that a small treeshake?

[thecynical1] 20/3/2017 14:27

the way this is moving, you may get your chance. I have been in these since the initial placing so moving a couple of pence either way doesn't justify the trading costs for me. As Canada is still strong, I wonder whether it can break 30p...hmmmmmm

[tom111] 20/3/2017 14:20

thanks the cynical hope to get back though at a little lower price,being greedy lol

[thecynical1] 20/3/2017 14:16

tom - selling too early never made anyone poor. 😎

[tom111] 20/3/2017 14:11

Well I sold 38% increase is enough for one day,dont want to get spiked,hope to get back in later

[targatarga] 20/3/2017 14:02

I'm inspired to buy more.

[mirabeau] 20/3/2017 14:00

What the f=ck is going on here? Unbelievable

[tom111] 20/3/2017 12:53

go on then

[wizard2020] 20/3/2017 11:46

Maybe time to just leave profits on the table

[targatarga] 20/3/2017 11:07

I'm staying long and strong....