FAR 2.04% 50.0¢ far limited

Ann: Investor Presentation, page-75

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  1. 34,916 Posts.
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    There is something drastically wrong here which is puzzling .

    Not really puzzling. 3 months ago FAR was just over 4c. Other day it hit 14.5c. It has a relatively large marketcap already and the market has already up-ticked this on the first hit, that's where you expect the major raise to initially be. You can't expect the share price to jump significantly every time it hits oil again. There are still many unknowns as to how FAR will proceed from here and it's not yet a foregone conclusion that this find is commercial - although the signs and feedback are very positive. Additionally oil price is at 4 year lows, not a concern for FAR at this point but the negative sentiment still flows through the whole sector. Still plenty of risk/reward in this. Don't expose more than you can afford to lose.
 
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