I agree that it doesn’t sound as positive as it did, a number opportunity discussions has turned into anticipated industry interest. It’s not as definite is it?
My biggest fear is no L6 farm in before a favourable Senegal exploration and then a takeover at a basement price happens.
Hey but that said, the Senegal farm in came from left field and included two majors, so with a bit of luck something similar will happen for L6.
I also can’t help thinking that the Milio exploration on terra firma could also positively impact L6 but that will be in 2015. That’s a long way away even in FAR terms.
I have always planned and expected to go long with FAR but I must say an L6 farm in or lack of it has always been a concern.
Best case scenario – L6 farm in, followed by two positive exploration wells off shore Senegal, followed by Milio discovery on shore. SP goes to 70cents
Worst case scenario – no L6 farm in , and nothing worth looking at from the Senegal exploration, and Milio find nothing – and we are looking at a penny
Best case is well and truly alive so I’m hanging in there… cause the return could be fantastic.
I don’t want to even think about the second scenario – but it helps to keep it real.
Good luck to all FARites
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 49.0¢ | 48.5¢ | $44.73K | 92.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4988 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 3173 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4991 | 0.490 |
5 | 58697 | 0.485 |
5 | 270000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 3173 | 4 |
0.500 | 45200 | 3 |
0.505 | 18000 | 1 |
0.510 | 12672 | 1 |
0.515 | 120000 | 2 |
Last trade - 14.13pm 12/08/2024 (20 minute delay) ? |
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