FAR 1.92% 51.0¢ far limited

AND THE SHARE PRICE WILL LOOK AFTER ITSELF, page-5

  1. 382 Posts.
    lightbulb Created with Sketch. 45

    It's funny how the same philosophy applies to so many resource/speculative shares. I wrote this on another stock a day or so ago. It is just being realistic - no more, no less. The previous reader had mentioned "how is it the share price just keeps going south when we continue to get good news?" My reply was (minus a sentence or to).........

    I agree with you totally, unequivocally, right behind you - to a point......!

    I think now market sentiment is a lot more gloomy across the whole resources sector, especially compared to 18 months ago. People won't even poke a stick at the sector these days. The unbridled enthusiasm is in short supply and so is the money, especially from sophisticated investors, institutions and fund managers and they will drive the share price up on good news. Actually good is not the word I am looking for - GREAT NEWS is the only thing that will turn this around in this market. That is not to say it will not happen, that news may well be next week. (or later in FAR's case)

    Another thing is that the small investor loses patience quickly and many already have. After all, share prices do not lie regardless of all the conspiracies theories! However, markets do sometimes create inflated prices and bargains or opportunities - I guess FAR is now hopefully the latter.

    Honestly, I am frustrated as anyone with what's happening but I keep saying the next 6-12 months will be make or break. After all, markets tend to judge on performance not unfulfilled potential whether we like it or not.

    I think now they are closer than they ever have been, it is time to turn the potential into reality!

    At the moment there are just too many other factors to take into consideration (jittery market, POO, investor time frames, the fear factor, lack of patience, etc). In a way management were probably right with what they said, they didn't say it was going to go up through the roof did they? This has enormous potential but the market needs proof, hopefully that will come this year or early next. Realistically it could go pear shaped to, who knows what will transpire.

    In the meantime - we wait. This time next year we could be millionaires! or not............
 
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Last
51.0¢
Change
-0.010(1.92%)
Mkt cap ! $47.12M
Open High Low Value Volume
51.5¢ 51.8¢ 51.0¢ $20.02K 39.08K

Buyers (Bids)

No. Vol. Price($)
4 18396 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.5¢ 69690 1
View Market Depth
Last trade - 16.10pm 10/07/2024 (20 minute delay) ?
FAR (ASX) Chart
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