FAR 0.00% 50.0¢ far limited

capital raising, page-52

  1. 1,722 Posts.
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    Hotazel,

    No beef from me.

    Im entitled to an opinion, with or without being a holder. I held for 7 years and was a regular contributor to this thread for a long time, so please don't have a go at me, that's not fair. I still like this stock and the holdings and hope FAR every success.

    Like most long term holders it is frustrating that the amount of shares has gone from 300m from when I first invested in 2006 to however million billion they have now.

    My point is valid, have they found oil? No.
    Are they well positioned? Yes
    Is it odd that if they are well funded, that they seek more money? Is this intriguing? Yes.
    Does it seem strange to have a CR now, with 2 big impact wells just about complete? Yes

    Management deserves credit when SH appreciation is evident, not before.

    You need to remember that some people have held FAR for years and bought in the teens, seen Hunt walk, Shell walk, AGC Profound duster, loss of licenses in Senegal etc etc. Plenty of reasons to ask questions and be sceptical.

    Hopefully the raising delivers you and holders value.

    All the best
 
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50.0¢ 50.3¢ 50.0¢ $41.04K 82.08K

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