So much news coming up ... the JV meeting outcomes on field size, development plans and costings. FAR's numbers on the same and the RISC upgrade. The Gambia farm-out which seems to be close (and their drilling plans). This of course could include some financing outcomes such as cost reimbursement as well as free-carry on drilling (which gives the lerase a value to FAR). Perhaps some news on further exploration plans ... I liked Jon Keall's statement that work would start on further appraisal on the Fans shortly. And I wonder whether the JV meetings will consider the data on the Fans from the recent drilling and lead to a statement on commerciality (more likely at a later point).
I topped up at 7.1 yesterday to be set for all this news. Seems to be little downside at present and quite a few catalysts for a rerate.
H
A lot of catalysts near term
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47.0¢ |
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Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
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| 4 | 135289 | 46.0¢ |
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| FAR (ASX) Chart |