Dangar if there is a 25% chance of success for FAR's Senegalese blocks a bookie would give you odds of approx. 4 to 1. In other words you put down $1 and if you're lucky you will get 4 back.
So the question I ask myself most days is this:
What would FARs sp go to if they get lucky in one of the Senegalese blocks. I think a realistic answer is 60 cents or there abouts.
So if I was a betting man I would look at FAR and think to myself it is offering an approximate 12 to 1 payout at 4 to 1 odds. In other words if I put down $1 and get lucky I get paid $12 when really any bookie would not give me more than $4.
Correct me if I am wrong, if this is a fair assesment the SP should be about 15 cents and its the best bet in town.
Just thinking aloud…..
- Forums
- ASX - By Stock
- FAR
- senegal.. from cairn half -yearly presentation
senegal.. from cairn half -yearly presentation, page-8
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 39845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 39845 | 1 |
0.500 | 16960 | 1 |
0.510 | 102895 | 3 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |