It's coming..., page-151

LOL GH perhaps those windows could be changed to French Doors...

It certainly is an interesting year for FAR whatever transpires, I've been above water for approx 2 weeks now so the wrinkles have gone and am more confidant than Ive ever been that my free diving days are over...mind you I enjoyed the Lobster and shrimp while I was down there.

With a MC of over $500 it's now the highest valuation since our discoveries, aside from the recent intraday spike to $540m , plus we have $40M in cash..
leading up to drilling in 2014 the MC was $104M at 4.1c ( the share price varied a bit around that time) and we had $24M in cash...so our shareprice is up 125% and the MC up 400%, dilution creating the discrepancy.

Its a great example of the effects of dilution but that dilution is the difference between retaining and appraising our 15% of SNE with the resulting increase in resources, plus the opportunity to drill SAMO and going into administration without it....selling out cheaply has never been an option...probably another way of saying you can't have it all ways.

It's also a reflection of how valuable our assets are.

IMO around $500M is probably fair value as we stand right now but there is considerable scope for that to be looked at a bargain in hindsight, which of course is why most of us are here..we don't have much foresight and rely on hindsight to tell us where have gone right or wrong..

It's the start of duck shooting season over here and although I don't shoot, I do expect to indulge in the bi-product through the generosity of friends ...it will make a pleasant change from seafood...

Cheers Whisky