FAL - Falcon Metals

[finicky]

Spin out of gold projects from Chalice Mines (CHN)
Closed inaugural day at big dicount to IPO price of 50c. Closed @ 0.315
16.6m shares dumped by Chalice shareholders who received free in species shares.

 

[finicky]

FAL recovered from a steep inaugural plunge back to its IPO price in 4 trading days - unusual?
IPO'd @ 50c, finished first trading day @ 0.315, closed today @ 0.50
FAL has $30m cash from the IPO minus raising costs to drill with - exceptional treasury for a junior.
Franklin Templeton has disclosed an increase in substantial holding today.
FAL has Mark Bennett as Chair - he is founder of the fabled Sirius Resources and is now exec chair of S2R. S2R has the most desirable tenement in the North Bendigo terrane (Fosterville mine wraparound).
FAL has Alex Dorsch as a director. Alex Dorsch is the rock star M.D of Chalice Mines (CHN). FAL is a spin out of CHN's gold assets, the most significant of which are in the North Bendigo terrane.
Some merger of interests btw FAL and S2R possible down the track?

FAL All Data Hourly chart

 

[Tropico]

Hopefully the spin-off will have a good year. Mr. Goyer has a good holding and many followers might buy in with him.

 

[Dona Ferentes]

and another two up days to close December at 57.5c. Market cap is $100 million.

 

[TechnoCap]

A very solid end to 2021 and this one has started 2022 trading year with an absolute bang!!!

Be interesting to see where a top may form before it takes a breathe...

holding for now

 

[Dona Ferentes]

A very solid end to 2021 and this one has started 2022 trading year with an absolute bang!!!

Be interesting to see where a top may form before it takes a breathe...

Falcon is an Interesting one....... Maybe the Chalice holders did not want these freebies, but someone else has been buying.

And a very good day today, climbing from 60c to close at 75c, near the day high.

 

[TechnoCap]

Falcon is an Interesting one....... Maybe the Chalice holders did not want these freebies, but someone else has been buying.

And a very good day today, climbing from 60c to close at 75c, near the day high.

possibly the Julimar discovery is big enough to chew for the CHN directors to sink their teeth too deeply into this one.
This AU province in Northern Bendigo will get very interesting for FAL holders now and into the future...

 

[TechnoCap]

Falcon is an Interesting one....... Maybe the Chalice holders did not want these freebies, but someone else has been buying.

And a very good day today, climbing from 60c to close at 75c, near the day high.

Old Goldman Sachs been buying up

 

[TechnoCap]

Explorations underway this month at the Pyramid Hill project in Bendigo VIC.
We might see some further sudden short term movements towards the end of January into February.
Keeping an eye on volume in the coming weeks.

 

[frugal.rock]

Not held. Just a chart update.

 

[TechnoCap]

Not held. Just a chart update.

View attachment 137947

And?…

 

[Sean K]

Not held. Just a chart update.

View attachment 137947

Looks pretty ugly. When the markets get scared, explorers without a resource, or tech specs with no income, seem to get hammered the most. Without some sort of foundation, market sell-offs punish the speculative juniors with no fundamentals. I think the reason they get sold off is the buy side simply drys up and there's no bids. If someone is desperate to get out because of fear, they just hit the sell at market button and shazam - a stock tanks. Lesson learnt during the GFC.

 

[TechnoCap]

Looks pretty ugly. When the markets get scared, explorers without a resource, or tech specs with no income, seem to get hammered the most. Without some sort of foundation, market sell-offs punish the speculative juniors with no fundamentals. I think the reason they get sold off is the buy side simply drys up and there's no bids. If someone is desperate to get out because of fear, they just hit the sell at market button and shazam - a stock tanks. Lesson learnt during the GFC.

That’s true

 

[frugal.rock]

And?…

?
I'm here for a good time, not a long time ?

Just a chart. Most of what I do is based off charts.

My only thought was if it can hold its price around current, it would likely rocket if some good news came out, but then there's the geo risk, etc blah blah....

 

[finicky]

Hope this not a pump by FAL. They have an illustrious board so perhaps not.
Voluntary suspension of trading " .. is requested to complete validation ahead of finalising
an announcement in relation to exploration results at its Pyramid Hill Project;

 

[finicky]

FAL currently up 33%, but on Commsec at least the sell side looks more stacked.
Wow, for sone reason I hadn't noticed how far the s.p had fallen - previous close b4 halt was only 0.185. Pathetic for a 7 months old IPO @ 0.50 that briefly went to > 0.80
Anyway the drill intersection at the Ironbark prospect looks a bit unspectacular but encouraging I guess. They are planning for a big follow up drill program sometime in 2022 and point out they still have plenty of cash which was >$26m at March 31
These Bendigo Murray basin covered gold exploration prospects are very slow going as evidenced by Chalice's (CHN) snail like progress before the spin-off into FAL and also CYL and NML .

Held

 

[finicky]

Bit of life stirring in the FAL chart. FOMO buying following the Dec 14 announcement of a large drilling campaign commencement. Must have rung out the beneficiaries of the Chalice spin-off by now. Still groping their way with mostly aircore drilling and an occasional diamond hole.

Held

All Data Wkly

 

[Sean K]

Bit of life stirring in the FAL chart. FOMO buying following the Dec 14 announcement of a large drilling campaign commencement. Must have rung out the beneficiaries of the Chalice spin-off by now. Still groping their way with mostly aircore drilling and an occasional diamond hole.

Held

All Data Wkly
View attachment 150868

That's a fine looking rounded bottom.

 

[finicky]

16% blip today.
Something hopeful of stimulating results from the aircore program? Backdrop of a rising gold price perhaps.

 

[rcw1]

Good morning
Nice FAL announcement today (14/02/23)
SP 30.95% gain at the minute …

Have a very nice day today.
Not holding

Kind regards
rcw1