Falk IS. Hldgs Share Discussion Threads

[britishbear] 18/3/2005 12:53

Agreed - seems such an obvious buy even at these levels. Not sure why you sold Keith. You back in yet?

If Fogl keep this up it would be worth the market cap of FKL by itself.

May try to snaffle some more if and when.

[64bit] 18/3/2005 12:11

..with the current fogl price action - fkls' share would be worth 20m..
hmm, so that means u getting all the usuable land in the falklands
for a mere 25m...

oh'... and then there's fgml...

..and then there's the strong balance sheet of phfc, with a new (and
already paid for) ferry on the way shortly..

i think the small cog that sold 1000 at 582p just now doesn't understand
the meaning of the word 'research'. ;))
dyor etc, i've done mine.

[britishbear] 04/3/2005 10:09

Directors selling at £4.50 seems a bit off.

FKL will benefit from all or any of the oil and gold exploration going on at the moment. Only one of 5 companies needs to drill and strike oil for land prices to make a significant leap forward. Imagine the infrastructure that will be required on the islands and the number of expensive hotel rooms needed for all these executives flying in.

Think Dubai and Kuwait - if there really is THAT much oil in them there waters FKL will be very very rich indeed.

The fact the FOGL is up 30% in two days should be reflected in significant rise in FKL - and there is. FKL is a cheap way to get exposure to FOGL and, indirectly, any other oil exploration in the area.

And we get a divi.

Firm hold and even a buy at these levels

[keithfagan] 04/3/2005 08:51

Well we are seeing the rewards of rising prices in FOGL and FGML over the last couple of days.

[grgkecer] 03/3/2005 15:28

For immediate release 3 March 2005

FALKLAND GOLD AND MINERALS LIMITED

Drilling Report

[britishbear] 03/3/2005 10:40

There are a number of companies working in and around the Falkland islands - FKL only need one oil strike for land prices in the Falkland islands to start rising at a rapid rate. FKL looks like a very good long term hold - their land bank could be worth multiples of it is current value.

[grgkecer] 03/3/2005 07:46

Rockhopper Exploration Inks Falklands Exploration Deal with Desire
Newsquest (Wiltshire) Ltd Wednesday, March 02, 2005

[grgkecer] 01/3/2005 07:25

From today's Hardman Open Briefing:


corporatefile.com.au
Can you briefly outline your view of Hardman's other exploration activities?
Which do you think have most potential?


Managing Director Simon Potter

The two areas that really interest me and are receiving a lot of focus are the
Falkland Islands and our acreage in French Guyane.

Recently our partners, the Falklands Oil and Gas Company raised around £12
million by listing on the AIM in London, so there is clearly an appetite in the
market for this Falkland acreage. Currently we are collecting seismic where good
images are being received directly off the vessel indicating a number of really
interesting structures. This considerable potential in our Falklands acreage
will be assessed with a well within about two years.

I'm particularly interested in our property in French Guyane. We hold over 97%
equity in the license which covers some 65,000 sq km, the entire offshore to
3000 metres water depth. In hydrocarbon terms it's sandwiched between the
offshore provinces of Trinidad and Venezuela and Brazil so it's a good piece of
real estate. The offshore prospects are well defined and we can see good
structures from the seismic similar to the channel features seen in Mauritania.
There's also a compelling single, huge structure called Matamata. We're required
to drill a well within the next 15 months as a part of the licence obligation.
Our current strategy is to farm down from the 97% and bring in a partner to
contribute to the drilling of that well.

With our Guyane property we've followed the traditional success route that
Hardman has taken in the past, which is to have high equity, early access to
prospective frontier exploration properties. We've traditionally dramatically
farmed down our share, but in future I would like to see us maintain a higher
equity stake (up to 40%). We're now well over a billion dollar company, so can
afford to retain higher equity and tolerate greater amounts of risk. As we bring
in new partners we will look to swap assets rather than simply seek
contributions to funding or a carry.

[grgkecer] 24/2/2005 07:18

Hardman Resources Limited
24 February 2005

FALKLANDS LICENCE AREAS: UPDATE



(I think they mean the eastern, not northern, licence area.)

[keithfagan] 16/2/2005 15:00

FGML mining results from initial test bores are due end of Feb/early March. FOGL have an on-going information service for their off shore surveying. FOGL should have indications from their 3d survey in July/August.

[coronia] 16/2/2005 14:19

many thanks keithf for the above. I wasn't aware that initial results from FGML were due soon. Thought desire's(DES) farm in/ intention to drill announcement
might have stimulated interest in FKL but the former seems to have received little publicity. share price for FKL seems to be firming a little today-i guess any sustained buying will have a significant effect on what seems a fairly tightly held stock which isn't too liquid.

[keithfagan] 15/2/2005 20:53

I have based the £4.50 on the factor of the Directors sale plus a general disfavour with the Falklands at the moment. Both FOGL and FGML are stagnating and this is where the company gets its recent strength. Initial results from FGML are due in about 2-3 weeks and this will move the price nicely upwards if the results are good. If they are not I do not see any southwards pressure as I am sure this has been built in to the latest falls.

This smacks of a way of pulling down the price to attractive levels so buying will be brisk if FGML provide positive news. FOGL is not due to release anything really worthwhile for a few months so any interim survey updates will have little effect.

I am still leaning towards another issue as FKL have admitted they are on the aquisition trail. A high share price would have meant too high an issue value. This price range attractive and sustainable and allows them to raise funds in the £4 - £4.50 per share range.

[coronia] 15/2/2005 17:16

keithf-i jumped in too soon i think at £5.20! Any comments would be very welcome,this is my first venture with FKL.Presumably you feel £4.50 would be a good entry point. i assume the directors sale at £4.50 has been mopped up by institutions-no large sales/transactions showing.

[keithfagan] 15/2/2005 16:22

Still a little way to go before this stops falling then it will be time to buy more. I still estimate £4.50.

[grgkecer] 14/2/2005 07:16

This announcement from Desire may be of interest:

[keithfagan] 10/2/2005 20:40

For some reason when I have posted on a site I am frozen from that particular thread. Just seeing what happens on this old one.

[keithfagan] 10/2/2005 09:22

I know. It is my cheapskate heritage, hard to get rid of when you are from common stock...lol

[britishbear] 10/2/2005 09:07

KF - check teh AFN board. All about extra revenue for AFN. You have given away that you are a freebie cheapskate user ;-))

[keithfagan] 10/2/2005 09:02

Whay have words suddenly attracted a green highlight and a bloody hyperlink to other sites?

[keithfagan] 10/2/2005 08:46

Although the selling of the Directors shares at such a ridiculous price is morally reprehensible, I did question whether the company could raise capital for more purchases with a new issue in 2005.

If the fall out of the recent sale was a share devaluation this would pave the way for a new issue at more realistic prices (don't forget the reason for the sharp rises is FOGL and FGML, who are both waiting for test results. And if initial results are anything less than highly posiitive their shares, and those of FKL, will drop sharply).

Such an issue would fund the acquisitions hinted at when the company purchased PHFC. With only 8.3m shares in circulation this company has masses of room to manoeuvre but with the shareprice artificially high due to FOGL and FGML a new issue would have been difficult.

I see the price dropping to below £5 and a new issue being announced at around £4.50 within a few months if this is the case. As always this is IMO and DYOR but maybe a discussion point at the least.

[keithfagan] 09/2/2005 15:52

FALKLAND ISLANDS HOLDINGS PLC (The 'Company')
DISCLOSURE ANNOUNCEMENT


The Company received today the attached notification dated 9th February 2005
from Invesco English and International Trust Plc, Chase Nominees Ltd had a
notifiable interest in 417,921 ordinary shares of 10 pence each in the Company
which represents an interest of 5.01% of the Company's issued share capital.

This is because the issued share capital of the company is 8,333,861 ordinary
shares of 10 pence each.


Letter to Falkland Island Holdings Plc

SECTION 198 COMPANIES ACT 1985 ("THE ACT")


We write in accordance with the above Act to advise you that following the
purchase of 90,000 shares on 8th February 2005, this Company is the beneficial
owner of 417,921 Ordinary Shares of 10p each in your Company, representing
5.01%*. The shares are registered in the name of Chase Nominees Limited.

Letter from INVESCO English and International Trust plc

For INVESCO Asset Management Limited - Secretaries

*Based on an issued share capital of 8,333,861

[shakeb] 09/2/2005 15:40

Some of us have waited so long for this price, and it is a pleasure to get in.
I look foward to that bounce pls.

[keithfagan] 09/2/2005 14:43

The impact is the other way round. FKL's strength is the diversification into the other 2 companies. They are not dependent on FKL as they are a JV with other companies.

FKL will bounce back. I am actually surprised the price hasn't dropped any further to be honest.

[kpwuk] 09/2/2005 14:36

I don't understand why this has not impacted on FOGL and FGML?