FAR 0.00% 50.5¢ far limited

Future SP movements

  1. 5,472 Posts.
    lightbulb Created with Sketch. 561
    Take away PE and Gambia A2 & A5 for the moment.
    The 86mmbbls 2C resource we have in the SNE field probably covers FAR,s current market cap.
    I think this should be a reasonably reliable bottom line valuation and support .
    Charts support this with a very strong support level around mid 8's.
  2. 5,472 Posts.
    lightbulb Created with Sketch. 561
    If we look at this from a risk reward perspective I would say the risk from current price .093 may be 10% worse case.
    The reward side as a low end outlook would be .15 ,a 60% return.That is the consensus price target from multiple brokers.
    So that gives a risk reward ratio 1:6,not including PE and Gambia.
    A pretty darn good ratio imo.
 
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