Perhaps instead of looking at the shareprice, look instead of the MC of $308M and then consider what a buyer would pay for a Company with no income and 15% of an oil field that has no booked reserves ,DOC , FEED or FID in a tough oil environment and 4-6 years away from production with most of the expenditure in front of it...at this stage no serious buyers have stepped up to offer more and serious buyers are the ones you watch..
FAR has a fantastic asset in SNE and and eventually it's true value will be reflected in it's shareprice but to expect punters to pour into it right now is a tad optimistic IMO.
Untill DOC and probably more so FID there will remain a resistance for more serious money to commit.
At the Moment the FAR MC doesn't anywhere near reflect a TO value that Management would put to shareholders as acceptable IMO but as of now we haven't received one either...
IMO the shareprice isn't being held back or propped too any great extent up by manipulation, more by the reality of the current situation...that will change over time..
Cheers Whisky
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M |
Open | High | Low | Value | Volume |
45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 26333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 96562 | 0.455 |
3 | 82855 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 26333 | 2 |
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
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FAR (ASX) Chart |