the risks have gone up with Eagle as of today, that is why the FAR price is lower.
the testing of the vertical phase of the well was an obvious failure ostensibly due to formation damage, and they have had to move onto the next phase before having an initial flow rate.
now they are relying on the horizontal phase of drilling to get a first and final answer.
You have to at least recognise that things have not gone well to date.... dont kid yourself things are 'sweet' and that the market has got it wrong.. people started selling today for a reason. The risks have gone up.
there are no guarantees in this game.
acturtle
other stocks steady.., page-11
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.0¢ | $70.83K | 141.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44876 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 30442 | 3 |
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| Last trade - 15.10pm 21/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |