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Gold/Mining/Energy
Falconbridge Ltd.( T.FL )
An SI Board Since October 1999
Posts SubjectMarks Bans Symbol
103 2 0 FL
Emcee:  Condor Type:  Unmoderated
Introduction Market Data Compact
Falconbridge - (SI quotes enter T.FL) ( market cap $ 3.6 billion )is a large International base metals mining company that primarily produces Nickel and Copper. It is traded on Toronto and Montreal. It has 177,000,000 shares issued. The company is owned 49% by Noranda and Noranda has declared that they will buy up the remainder of the company on the open markets in an orderly fashion through gradual accumulation of the shares. Falconbridge is enjoying a resurgence of profitablity in the last two quarters ( ending Sept 30/99 ). The earnings were $30 million and $36.6 million respectively in the two quarters. Surging Nickel prices and stronger Copper prices have contributed to this turnaround. I forecast that $ 60 million will be achieved in the next Quarter ending Dec 31/99. The price of this stock is underperforming at this time and is due for appreciation. I would speculate that the current price of $ 22 will ratchet up to $ 30 by the first of the new year, particularily in light of the fact that available shares are being eaten up by Noranda and the continued healthy prospects for the price of nickel. In passing, it is worth noting that FL owns 45 % of the huge new Collahuasi copper mine in Chile which is the fourth largest copper mine in the world. Its partner is Minorco. This mine contributed $ 16,000,000 to FL profitability in the last quarter alone. The recovery in Asia bodes well for the demand of nickel and hence the strength of the price of Nickel. It is worth noting that in this past quarter Falconbridge has earned .16/share vs. Inco's .04/share and yet lags Incos (N) share price by $ 8/share. ( 22 vs. 30)
I maintain that this company is presently undervalued in light of the above items and represents a buying opportunity now. ALL discussion is invited.
falconbridge.com
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103Gallop urges PM to help nickel project 19mar04 WESTERN Australian Premier Geoff Condor-3/20/2004
102Gallop urges PM to help nickel project 19mar04 WESTERN Australian Premier Geoff Condor-3/20/2004
101Globe says Inco touts special process to produce nickel IncCondor-6/19/2001
100Falconbridge Ltd FL SharCondor-3/27/2001
99Boliden to sell properties to Noranda/Falconbridge FalCondor-2/28/2001
98Falconbridge plans Whistler Webcast FalCondor-2/27/2001
97This may explain Inco's 10% share price rise yesterday. Globe says Inco seenCondor-2/16/2001
96Globe/Bloomberg say Falconbridge, CAW talk today FalCondor-2/15/2001
95Globe says Falconbridge, CAW under pressure to settle FalCondor-2/14/2001
94......Mon Feb 12/01...... BUY Falconbridge Ltd. (FL : TSE : $17.00 : Issued 177Condor-2/12/2001
93Globe says Inco's Sopko plans to step down in April Condor-2/7/2001
92BUY Inco Ltd. (N:TSE:$22.35, N:NYSE:US$16.73 Issued 181.7M) Greg Barnes (416) Condor-2/7/2001
91Inco earns 39 cents per share in Q4 IncCondor-2/6/2001
90Message 14361925Condor-1/31/2001
89All I said was that I have "no sympathy"... a complete LACK of emotiotyc:>-1/31/2001
88<i>"However as I said, they are hurting no-one but themselves."&Condor-1/31/2001
87Oh ! I thought it was Buz Hargrove that was orchestrating it.... did you say fotyc:>-1/30/2001
86edit... Actually the monetary issues are virtually nil. It is perceived by the uCondor-1/30/2001
85Here's something else that makes me smile; biz.yahoo.com The headline saystyc:>-1/30/2001
84No I'm not buying FL, but I have an interest in Noranda, and I wouldn't tyc:>-1/30/2001
83Of course, there is no question about that. <<<<<Ore has a long sCondor-1/30/2001
82>>That strike is starting to hurt them. Who is "them"?; do yotyc:>-1/30/2001
81$40 mil for 4 th Q. That strike is starting to hurt them. (6 months) The 1st Q oCondor-1/30/2001
80Falconbridge Ltd FL SharCondor-1/30/2001
79Inco confirms sinking of ship off Japan IncCondor-1/9/2001
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