If FAR cannot get a farm-in partner for Senegal...or Hunt put it on the back burner themselves, then FAR will be r**ted........yet again. It will be that simple, unfortunately and will mean they'll have to start from scratch -again - to find another worthwhile "company maker": a replay (or Ground hog Day scenario) of what has been going on with the stock for the last decade or two.
Even if Senegal is simply delayed, it will be interpreted negatively by the market - unfortunately - as the company under the current management just has appalling long term "form".
Anyway, the above is simply the "worst case" scenario, and it may be that Senegal farm out will be a great success, but the lack of news of progress is a bad sign.
Keep your finger on the SELL button in the case of negative - or even ambivalent - news from FAR.
what if no sengal, page-3
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 50.0¢ | $12.37K | 24.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19418 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
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| Last trade - 15.44pm 31/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |