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Falco Pacific getting investor interest.

Big Al
January 27, 2014
Comments (6)

Falco Pacific Resources (V.FPC) attracts heated interest in wake of GoldCorp/Osisko deal

Chris Parry Chris Parry, Stockhouse.com

2 Comments| 2 days ago
On the back of mid-January’s high profile Goldcorp/Osisko takeover offer, investors have been making a run at Falco Pacific Resources (TSX:V.FPC, Stock Forum), leading to a 51% share price increase since the day that offer was announced.Investors in Falco, which is 11.4% owned by Osisko (TSX:T.OSK, Stock Forum), may be doing a little reading between the lines, that the large company will be looking to secure more land in Quebec going forward – and land that currently belongs to a company it will potentially soon have a stake in.Adding to that suspicion might be a statement ten days ago from Goldcorp (TSX:T.G, Stock Forum) President and CEO Chuck Jeannes, in which he said, “We are particularly pleased to be making a further substantial investment in the Province of Quebec, one of the best mining jurisdictions in the world. Goldcorp will be the largest gold producer in the province with the resources to continue building collaborative, long-term relationships while leveraging corporate and regional synergies.”

Falco management points out GoldCorp “operates the Canadian Malartic Gold Mine located 80 kilometres east of Falco Pacific’s Rouyn-Noranda Project and is also the owner of the pre-production Upper Beaver gold-copper deposit located 60 kilometres west of Falco’s Rouyn-Noranda Project.”

Amid the takeover din, Falco is working on a NI43-101 resource for its Horne 5 deposit, which will contain data from 10,000 historic drill holes and the incorporation of a number of zones near the Horne complex. It is expected to be delivered in Q1 2014.

Shares in the company were up 21.5% Friday, jumping $0.11 to $0.62 on moderate volume.

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Falco Pacific
Discussion
6 Comments
    CFS
    Jan 27, 2014 27:41 AM

    I’m not saying Falco is a bad stock, but I will say it is being hyped by lots of news releases.

    News for FPC:CA
    Tue, Jan 21, 2014
    9:16 AM Falco Pacific Retains the Services of Paul-Henri Girard Former Agnico Eagle VP Canada as Senior Mining Advisor – Marketwired
    Tue, Jan 14, 2014
    7:00 AM Falco Pacific Shareholder Osisko Attracts Unsolicited Takeover Offer From Goldcorp – Marketwired
    Mon, Jan 06, 2014
    12:14 PM Falco Pacific Resource Group Issued Update on Horne Mine Project in Quebec – Video Posted on InvestmentPitch.com – Newsfile
    12:03 PM Falco Pacific Resource Group (TSXV:FPC) Issued Update on Horne Mine Project in Quebec – Video Posted on InvestmentPitch.com: – Thomson Reuters ONE
    Mon, Dec 30, 2013
    5:04 PM Kelly Klatik, President & CEO of Falco Pacific Resource Group (TSXV:FPC) is Interviewed by Ted Ohashi, CFA – VP

      Big Al
      Jan 27, 2014 27:56 AM

      I don’t disagree Professor.

    CFS
    Jan 27, 2014 27:15 AM

    Some of the bubble-like high-flying NASDAQ stocks are really taking a knock today!

    CFS
    Jan 27, 2014 27:27 AM

    The Brazilian Real, the rupee and the ruble are being pounded.

    CFS
    Jan 27, 2014 27:34 AM

    As King world News just point out, their are currently 112 potential owners for every ounce of gold in the COMEX stock-pile. Less than 1% of them just have to take deliver to cause a default.
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/27_This_Will_Create_A_Massive_Spike_In_The_Price_Of_Gold_files/KWN%20Hathaway%201%3A27%3A2014.jpg

      Big Al
      Jan 27, 2014 27:28 PM

      Now just where could that possible statistic come from?