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FAR

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0.98%

51.5¢ far limited

Private Equity, page-16

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Mr.Hustler

5,780 Posts.

1141

04/09/16

08:48

Post #: 18914073
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Originally posted by insaf ↑

I respect your opinion coming from a position of experience however the issue with far is the financial clout and experience - Does one think that the sengal government will want to have a junior with no experience in progressing a discovery to to production and NO CASHFLOW which is a penny stock in charge of a project that will determine the the very future of tbe country? Don't think so. The problem for far is that in only has 15 percent of sne and no income stream. The PE will only be viable if this is associated with an oil major with some financial/prohect benefit for far. Getting debt is suicide. I will guarantee this - if far gets a debt related pe it will eventually be bought out for peanuts as all the "major" investor needs to do is to wait, forcing far to keep raising. Remember guys 2022 not 2017 is forst flow. Far needs to find ways to increase the value of other assets in its portfolio otherwise even blind freddy can see this stock will be stuck in a quagmire. Hence the urgency in pe but the correct partner and benefit is required.

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I wonder how much they could speed things up by If they chose to? 2018-2019?

Going to be a quiet day. Happy Fathers day to all the fathers out there!

FAR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 51.5¢		Change 0.005(0.98%)		Mkt cap ! $47.59M

Open	High	Low	Value	Volume
51.0¢	51.5¢	50.0¢	$69.48K	136.6K

Buyers (Bids)

No.	Vol.	Price($)
1	6629	51.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.5¢	258638	2

View Market Depth

No.	Vol.	Price($)
1	6629	0.510
1	20000	0.505
1	20000	0.500
2	32029	0.495
1	38794	0.475

Price($)	Vol.	No.
0.515	258638	2
0.520	383246	9
0.540	451	1
0.550	2285	1
0.555	16505	1

Last trade - 16.10pm 07/11/2024 (20 minute delay)

FAR (ASX) Chart