It really depends, it's already gone down to 6c and bounced back up. It hasn't bounced back up to original
levels. If the POO keeps dropping (and I believe it will) and we get a few bad days on the ASX - 5-6c range. For the most part I think 7-8c range and then a slight increase to 10c before an ann - then it could go anywhere up to 35+c or depending on any future capital raising (and more importantly how long until we get another drill in the ground) it could flatline or go down.
It might sound unbelievable but I have witnessed companies announce amazing news such as 'we found heaps of oil and will start drilling in 12months!!' - and the SP tanks... because nothing is going to happen for 12months.
The other thing to consider is - even if they drill this year - when do they expect to start selling oil / making profits? if its 2-3 years down the track - some people won't care until then (until they start making money and getting rid of debt).
My point is - I am sure this is all amazing news but realistically it can take time to get the oil out of the ground and sell it.
Ele.
- Forums
- ASX - By Stock
- FAR
- Predicting its Low
Predicting its Low, page-10
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 99195 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89195 | 0.485 |
2 | 150000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
1 | 23142 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 35200 | 2 |
0.505 | 18000 | 1 |
0.510 | 12672 | 1 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |