FAR 4.95% 48.0¢ far limited

resourcestocks september 2006, page-41

  1. 3,935 Posts.
    re: buyers evaporating You must have got all the shares you wanted at 12.5.

    You really don't want me to answer your questions.

    Most of those little projects will not produce more than their costs. They are a waste of time and money in a serious company.

    Eagle will add 5-10 cents if it is successful but not for 2 months.

    The Chinese will hold the project at the negotiating table until there is nothing left. Or it will take years.

    Senegal seismic starts in December. That costs money, not makes it. There is 6 months to interpret the seismic and identify a drilling site. Then 3d on the drilling area, then a rig to find. Senegal will be 2 years.

    (My last posts on SS were deleted after an argument with some dh. I said I was reducing then.)

    FAR has a future but it's for the really patient. Not even I am that patient.

    There are better companies with immediate prospects and less risk.

    And stacking the buy side then pulling the orders only makes the market more nervous.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.