Have had my fair share of Oil Exploration fails, but emotions aside:
A quick glance of the FAR 50% fall currently at 0.37. Market cap at the moment is around $35 million, no debt but Cash based on the Sept quarterly and after factoring on this quarters spend as per quarterly, should have about USD$60 million or lets say even maybe USD$50 million. So cash is now worth more than the market cap of the company.
Perhaps a seller is trying to get out that putting more pressure on the share price despite the cash on hand.
Ann: Bambo Well Results, page-46
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
View Market Depth
| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |