FAR 5.38% 49.0¢ far limited

Go West, Not East, page-13

  1. 2,987 Posts.
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    Thanks OFL

    Good report. You obviously sensed the same high level of confidence that I saw at the AGM and this is our clearest guide as to what we're sitting on.

    I remain patient with the share price. 'The market' is not stupid; it's just currently focused on better short-term prospects elsewhere while slowly accumulating FAR shares from the impatient. One of the lasting impressions I took from the AGM was that the sentiment around resources, including oil, is terrible, and sentiment is a massive driver of stock prices. The Chairman told me that in a bull market FAR would be a dollar already. I took it as a bit of a throwaway line, but I'm not so sure he did given FAR knows SNE will be upgraded and is sure further shelf discoveries will follow. Don't forget a bull market prices for blue sky, a bear market for black clouds.

    OFL, tell your wife she has a couple of hundred new fans. That ought to win you points!

    OOO
    Last edited by Oddoneout: 26/05/15
 
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