FAR

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Beware the cult, page-37

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millions4683

216 Posts.

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19/04/16

17:33

Post #: 17546079
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Originally posted by Tony999 ↑

Lots of folks are angry at people like me for posting critical posts about FAR or management and generally rocking the boat.
The reality is they are angry at the position they find themselves in.
FAR has not delivered what they expected.
It has been a very, very disappointing stock.

People try to take comfort in the soothing words of the old timers or long termers.
That wont help you, trust me on this.
People spit the dummy when the going gets tough.
It is weak and pathetic.

I remember Whisky from BCC.
Same MO.

BCC was another cult like stock.
It was pathetic.
Most investors thought it was a game.
All that pirate nonsense and Buccaneer bullcrap.
The forum was nearly identical to this one.
No dissent was tolerated, the true believers stuck together and bullied anyone who didn't tow the company line.
We all know what happened to BCC.
Did Whisky go down with the ship or did he bail before it sunk?

This is not a game, its very real.

This is real money people are losing.
The long termers would have made more money putting their money in the bank.
This idea of high risk for high reward has suddenly changed to high risk for maybe, hopefully doubling ones money.

The people who did all the upramping & OTT spruiking will disappear one way or another (spit the dummy, get banned) and the mug punters who believed all the hype will be the bag holders as per usual.
I don't want to be surrounded by Yes men or management sycophants.
I don't want to be surrounded by people who keep putting the best possible spin on things.
I want hard nosed people who hate losing money and want to hold management to account all day everyday.

Here is a tip, if you don't like my posts don't read them.
Keep one eye on the long winded posts and one eye on the SP.
The SP tells you everything you need to know about how the company is going.
This idea we are largely derisked is nonsense.
We burn thru $15 million a month.
We have 4 to 5 months money in the bank before another CR is required.

We need oil at $70 or a T/O offer to lob on our door step.
Otherwise we are going to be stuck in a Groundhog Day like scenario of never ending CR's at very low prices.

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The last paragraph says it all. This is being used just as a trading stock. Wait till it drops and buy in. once it goes up with a bit of ramping jump ship and wait for the next drop and so on. I can't see oil going anywhere near $70 in the foreseeable future unless a big war breaks out and T/O is wishful thinking.
Just my opinion for what its worth. You make your own decisions in this game. Win some lose some.

FAR Price at posting: 8.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 51.0¢		Change 0.015(3.03%)		Mkt cap ! $47.12M

Open	High	Low	Value	Volume
50.0¢	51.0¢	50.0¢	$51.68K	102.5K

Buyers (Bids)

No.	Vol.	Price($)
1	75177	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	187769	3

View Market Depth

No.	Vol.	Price($)
1	75177	0.505
1	62764	0.500
3	169438	0.495
1	99999	0.490
2	104597	0.485

Price($)	Vol.	No.
0.510	187769	3
0.515	103300	2
0.520	335196	3
0.525	100000	1
0.530	20000	1

Last trade - 15.45pm 30/08/2024 (20 minute delay)

FAR (ASX) Chart

Beware the cult, page-37

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Beware the cult, page-37

Top Stories

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

The Calmer Co’s Anthony Noble reflects on record breaking FY24

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Helix investor makes partial takeover bid, proposing board changes

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WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Featured News

Buyers (Bids)

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