RE: Falcon AccomplishmentsMy 2 cents
As i said a month ago, not surprise to see the SP oscillate between 3.50 and 4.50.
They have a deal to sign with Maquary Bank and for sure Maquary don't want to pay over 4.00 for the 10 Million share promise in that deal.One of the new Director is a finacing deal specialist...what a great timing.
It is almost clear they manage the share price to keep it at the actual level. Some day SP follow TSX and other days it is the contrary,which remind me late December 2005 when Institution had been awared of FO potential. They had their brake to jump in the train, after ...someone push the first button of the escalatorm which bring us threw May.
The only remaining thing to acceed the Maquary financing is flow rates, which is actually ...and i suppose known by the management of both Maquary and Falcon. * At the annual meeting, we can read that fact between the lines as they said they are sure to be in production at the end of this year*
Each time the SP is to soar, it is follow by a lot of dumping to make sure that the 50 day moving average stick at the actual level.
My prediction, which is very personnal is that we can see in a very near future the results of Mako 6, follow by a SP around 5.00 5.50 due to the large pay zone, and right after ...said a week or two the Maquary deal and preliminary flow rates, which will bring us around
6.00 or 7.00 for at least around November.
After wee will produce ...as soon as we will be hook to the pipeline.
Now...it takes production history and drill and drill to announce some reserve. In the best way, we will have this important clue at this time next year with a SP around 15.00
As you see patience reward in this game. As i am concern, FO is a great play for me. I have money for bread and butter. FO is for the future, and i am very confortable with the long term perspective.
Now where will bw the SP in 3 year as a lot of people compare with UPL ?
Actually UPL is very profitable and well managed. I think it will be the same for FO, but as i am concern the SP will reflect the profitability instead of as a lot of people said ( 2.00 per TCF )
If we are a great profitable company in this great promise market, with around 15 TCF, we will easily be around 50.00 in a few year.
That is my personnal and realistic view of this project.
Good luck everybody