There's quite a lot of talk about management and the directors calling the shots.
Don't forget Tim Robertson is there and very influential. He is holding out for massive value in the longer term. Remember he hinted that Shell might fund FAR's share of production set up costs in exchange for selling our 15% of the oil forward to them.
Also, given the huge number of shares on issue and the quite low daily volumes going through, suggests to me that the shares are tightly held (lots in hands of Bell Potter clients) and that most shareholders are not traders but looking to the longer term.
If I am correct, when the instos decide they need to have a slice of the action they will really have to pay to get their quantities.
I am a believer and happy to wait for the "share price to look after itself".
FAR Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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