Might be FAR's wish to get the company to production. Well I like that too to get $1. for my shares. BUT would we get there that's the question.
Who's looking? I am certain considering that CNE and COP didn't have much success with their explorations except for Senegal and from their tone on expenses cut back except for Senegal, you would have to guess that's more than a possibility. When, possibly even before appraisal seeing that they know a lot more of the discovery than anyone else. I said this before, "tight hole" policy is only there to give them a commercial advantage. To declare commerciality before appraisal might be what you (anyone outside of the JV) would do, but then you don't know half of what they know. Case in point, with CVN, do you think Macquarie and friend would have bought Apache based on the knowledge that the public or CVN share holders know? My answer, highly unlikely.
FAR is obviously looking to production or at least try, I guess that's the plan for GR, to get the $$$'s in. However a TO is not for FAR to decide. Not even Farjoy can stop it. Everyone has a price, including Farjoy. If someone were to offer 32c today, which is say 30% premium on (my own) price of say 25c, I would like to know how many here would take it? For me, I would say where do I sign!
Just my 10c worth of ranting. All JIMHO.
KKW
FAR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)