A one page write up prior to Senegal drilling linked below.
At the time 2 London brokers valued FAR at 9.8cps ( and stated it was undervalued at it's current prices) with a probable value north of 35 cps on Senegal alone depending on outcome.
Here's the link if interested:
http://resourcesrisingstars.com.au/infopage/4073
Also looked at volume from August 2011 (since last sp spike to 16cps) to August 2014 and it resembles the profile of Ayres Rock...............LOL.
Presumeably a lot of cost averaging down and accumulation. The first ann (if not a duster) will be cautious IMO but if there are any shows the market will decide as it does.
DYOR and draw your own conclusions , my opinion only .
Upside, page-11
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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 |