Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

0.98%

50.5¢ far limited

Vicious J curve theory, page-2

First 2 Last

Share
Profile

Follow
zacma

2,314 Posts.

593

04/08/15

08:44

Post #: 15744867
Share

Originally posted by TONY999 ↑

To me its a race against time.
The POO is likely going much lower in the short term, maybe as low as $20.
The damage being done to the entire oil industry is immense.
That's what the Saudi's want (in cohorts with god knows who?)

They will drive half the industry broke.
There will be hell to pay of course but that is another story.
The upside for any company that can survive this crash is enormous.
Oil will likely explode to $200.
So much capacity will be destroyed, so many companies will go broke and as we know, the long lead times with oil will see this current glut turn into panic buying as supply dries up.

I said awhile back i wish they had of tapped the market earlier and got our cash position up to at least $70 to $80 million.
Now it is a matter of if we can hang on.
We are reasonably positioned but it will get hairy.
We are going to be tested.
Nerves of steel required.
Good Luck.

Expand

Hi Tony
(Besides that one should buy a rope to hang oneself on your news) I suspect that the worst case scenario would be for FAR selling some equity in Senegal to CNE or COP. Not desirable but not the end of the world. I find it difficult to imagine that our partners would want to destroy us, business or not.

FAR Price at posting: 7.5¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 96 more messages in this thread...

First 2 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change -0.005(0.98%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
51.0¢	51.0¢	50.5¢	$9.103K	17.85K

Buyers (Bids)

No.	Vol.	Price($)
4	51330	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	60038	3

View Market Depth

No.	Vol.	Price($)
4	51330	0.505
1	29878	0.500
1	30000	0.495
2	28930	0.480
2	70000	0.475

Price($)	Vol.	No.
0.510	60038	3
0.515	1368	1
0.525	69690	1
0.530	30000	1
0.535	30000	1

Last trade - 14.40pm 11/07/2024 (20 minute delay)

FAR (ASX) Chart