MoneyMap Press

By wkell, February 23, 2012

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

I’ve been getting notices from Moneymap Press that the graphite mining stock they’ve been raving about will be available starting Monday at around 50¢ It would be nice to know the ticker label.

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17 Comments on " MoneyMap Press"

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Edward
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Edward
February 23, 2012 10:34 pm

The ticker label is to be FDR The company is Flinders Resources LTD.
Flinders Resources is headed up by Martin Flinders McFarlane.
Mr. McFarlane told me that the stock is NOT an IPO, rather just a new listing on the Toronto TSX Venture exchange, a sub secion of the main TMX exchange . He did not say what the starting price is to be set at, so I don’t know if the 50 cents is correct. Trading will be in Canadian dollars which presently are nearly equal to US dollars.

ranji430am
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ranji430am
February 24, 2012 10:43 am
http://flindersresources.com/ Is the official site for this company that bought a Swedish mining company and is going to list on the TSXV with the symbol FDR. This is from its site Flinders Resources has an agreement to acquire 100% of Kringelruvan AB (“Woxna”), a private Swedish company. Kringelgruvan has 100% ownership of the Kringel Graphite Project, a unique and strategic European graphite project in central Sweden. The Kringel Project, capacity 13,000 tonnes per year of flake graphite, operated from 1996 to 2001, when it closed due to falling graphite prices. Since then, the Kringel Project has been held on care… Read more »
Edward
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Edward
February 24, 2012 2:47 pm

I believe there will not be a ticker symbol for U.S. exchanges. The company would have to initiate that and they specifically chose the TSXV.
If you trade in the U.S. on E*Trade you can establish an account of their type “Global Trading” and trade in Canada. On that type account you can also trade on France, Germany, Hong Kong, Japan, and the United Kingdom.

aoibhneas
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aoibhneas
February 24, 2012 3:07 pm

To trade the global exchanges on Etrade, you have to convert to the local currencies. Not sure what the premium is for that. I noticed one must also trade in certain sized lots depending on stock price. Not pleased with the $19.95 trade fee either. Overall I do think competition is best for the consumer and am hopeful that colluding thieves on the Chicago Mercantile Exchange get a comeuppance for the soon to be Hong Kong mercantile exchange. Indians (with a dot) and Chinese buy lots of gold and silver and the new exchanges will greatly facilitate that.

Dave
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Dave
February 24, 2012 5:23 pm

You can also trade the Canadian exchanges very easily with Interactive Brokers. Their prices are the lowest you will find. You can also trade the Austrialian Exchange and the rest of the world. I have had only superb service and super prices from them.

Edward
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Edward
February 24, 2012 8:44 pm

As to trading in certain sized lots, I think the Canadian exchange controls that, not E*TRADE.
If you do any trading in other countries you will run into lot size rules in lots of places. If the price of a share is only $0.10, it is not much of a hardship to buy in 500 share lots whose value would be $50 per lot.

Thanks Dave for the info on Interactive Brokers. I’ll probably go there.

tommy
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February 25, 2012 7:01 pm

I read ‘fdr’ has not appled for pink sheet satus and cannot be bought in the u.s. for 30 days. If this is true how would one purchase throught a u.s. broker?

aoibhneas
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February 26, 2012 12:39 pm

Received several urgent warnings connected to that $2500 passport club sales puffery indicating the ipo on monday will not be open to us investors for 40 days sec ipo rules. And apparently they opine it is not really an ipo, but rather a merger in reality. I assume they are talking about fdr graphite company. .

aoibhneas
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February 27, 2012 9:37 am

I guess FDR really isn’t an IPO if etrade gives 52 week low .25 on 6-1-11 and high 0.70 on 7-18-11. In any case FDR price is 2.00 canadian with a current bid 2.30 and ask of 2.44 with 16000 shares traded.

Edward
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Edward
February 27, 2012 9:47 am

Well, it wasn’t delayed in trading under the IPO regulations. I have an E*TRADE Global Account and they finally recognized FDR this morning and I bought shares at 2.00 CAD$ . Previously the TSX market information said the starting price was 0.55 CAD$ but before the market opened it moved on up to 2.00 with some prior sales that came from some dark cave that we can’t peek into.

tomanuch1
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tomanuch1
February 27, 2012 10:39 am

MY BROKER TELLS ME THERE IS A “FLINDERS MINE” ON THE PNK SHEETS “FLNDS” ON THE PINK SHEET SELLING FOR $.33. i DON’T THINK THIS IS THE SAME COMPANY. YOUR FEELING APPRECIATRD.

Travis Johnson, Stock Gumshoe
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4800
February 27, 2012 12:01 pm

You’re right, the Aussie listed one is a different company.

Pat
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Pat
February 27, 2012 2:18 pm

Reuters is already showing FDR.V, Flinders Resources Ltd, trading at 3.01CAD as I write, but then the description of the company does not match, although it does look like an IPO. Here is the summary page with chart

http://www.reuters.com/finance/stocks/overview?symbol=FDR.V

Edward
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Edward
February 27, 2012 4:03 pm

Somebody at Reuters fouled up. The “About” section is definitely NOT about Flinders Resources. The chart and other data are correct and correctly about FDR Flinders Resources.

PR
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PR
February 27, 2012 10:29 pm

I would hold off on FDR, I am sure after a few weeks it will be under 1.00

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