I'm thoroughly underwhelmed with this merger..
So what will we end up with? $25million to spread over even more projects now and over 2 billion shares on issue.
I can see it now, Senegal will fall by the wayside and FAR will be out spruicking "better" projects and the ever elusive drilling of a project, any project, will slip further into the future. The "elephant" will have moved from the West coast to the East coast to be drilled in 2013... 2014... 2015... 20-whenever.
You don't add value to a company by perpetually acquiring licenses and projects and talking them up. Eventually you have to drill or dig something out of the ground.
No performance options this year....
far to merge with flow, page-33
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Last
51.0¢ |
Change
0.025(5.15%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 51.5¢ | 49.0¢ | $148.9K | 293.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8410 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 104070 | 1 |
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| Last trade - 14.13pm 08/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |