why is far dropping every day, page-2

frosty

EOFY is one reason. Who buys in the weeks leading up to 30 June .. very few do, so there is no buying pressure and some will sell to either take a profit (those in a 4 cents or less) or a loss to offset other gains.

Also its over 3 months until drilling starts so some will take their money out and use it elsewhere until then.

The other "motivator" for some to sell is that even though we have had lots of good news and great presentations in recent months they have failed to get the share price though the ceiling at 10.5-11.0. So people don't see huge upside .... until drilling results are in come November.

Technically there is a low of 7.3 to be tested although I am hopeful it won't be tested before 30 June.

I am sitting tight just waiting for an obvious bottom to once again improve my average.

H