up 10 percent, page-8

There is no doubt the rise in the share price is linked to Saxby and not Collurabbie. Drilling there should have started or be about to start and the previous correspondents are right in that there are good prospects on this venture.

BHPB have been sitting on the hands in relation to Collurabbie and this must be of concern to Falcon but there is little it can do.

It would seem that despite the poor showing of the FCN share price in recent times, there has been no widespread dumping of shares. My guess is that many of the shareholders are there for the long term. You only have to look at the rise in the price on what is relatively small turnover to realise the potential if some good news emerges. There are no large sellers at current prices.

I wonder what percentage of stock is held by the largest shareholders. My guess is quite a lot.