re: massive opportunity Yes it can. FAR's time has come.
The past is not the future.
FAR is now entering a drilling program and the values of the discoveries are SGT 5 cents, Eagle 40 cents.
FAR has cash of 10 m and cash flow of $4m pa.
The market has overlooked FAR too long and it's about to change into a strong well funded company.
Once the Eagle drilling is completed, this will lead to several more wells being drilled in the Eagle oil pool. The cash flow from these wells will change FAR forever.
It's very easy to see $1.00 in this share if you are patient. Probably a lot more.
Later next year they drill SGT deep on the edge of a salt dome. This has been delineated by 3d seismic and successful drilling here is worth over $1.00 to FAR.
Move on to the future, the past has gone.
FAR is one of the best opportunities in the small oilers.
Look at the pathetic sellers at the moment. Small parcels, most less than 50k probably making or loosing enough to buy a carton of stubbies. If they could read the companies presentations they would wait and make some real money.
MT
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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) ? |
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FAR (ASX) Chart |