Hi all,
KB5415:
Wrong Strategy? Yes. Far's expertise has always been exploration and transition to mega-project development was always going to be a risky and difficult stretch that would be very distracting to management. I have said this a couple of times 3-4 years ago and have always felt that a partial sell-down would have been the better option (especially during the lower oil and equity (<12-14c) price environment. In such an environment, it is nearly impossible for a junior to have any real influence in project or financing outcomes.
Laylow: You are correct. Globally, non-income producing micro-caps (<$250m MC) get pumbled by debt and equity teams.
DavyBoy: We (I) should have all seen that a $1B FPSO was going to be tacked on. All of WPL's operated FPSO's are owned by their JVs. WPL are also know for a bit of gold-plating and stuffing a few hollow logs in order to make the ultimate project closure report look good.
It would be fun to subscribe to some machiavellian plot to specifically weaken FAR; but I doubt it. I think that any harm done to FAR has been just a side game for WPL.
Kovey: I'm a long term PI investor whose just trying to get it right 55% of the time. This means that 45% of the time, I stuff up. So please never read anything I say as either a Buy or a Sell recommendation or inference.
Very begrudgingly and with no logic other that FOMO, I participated at 4.25c.
Because I cannot see the outcome, I now classify this as a poorly informed (but hopeful) punt.
Cheers,
- Forums
- ASX - By Stock
- FAR
- Desperate and sad time.
Desperate and sad time., page-9
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 52.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 22471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 0.520 |
3 | 110000 | 0.515 |
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
2 | 33878 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
0.600 | 25953 | 2 |
0.610 | 2000 | 1 |
0.000 | 0 | 0 |
Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |