What is Malcy saying?
Malcy covers FAR at around the 14.00 minute mark in this 27 June 2017 21 minute video.
http://www.malcysblog.com/2017/06/ig-interview-oil-bucket-list-beats-market/
In summary (I'm quoting him) but have a listen yourself.
FAR is the way to play this discovery rather than CNE
Sale to WPL not yet formally approved
Massive backing via CNOOC
W Africa is "hot" .... Senegal....
SP hasn't moved but I wouldn't worry about FAR, its full of value and in due course I think we'll see that coming out in the SP.
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From memory, his most recent call was 25c. Couple of months ago?
He is clearly very knowledgable and remains bullish about FAR and I ask myself why the likes of BI, GO, Cujo (who masochistically holds) and Kimbo are so desperately trying to point out that we holders have got this so terribly wrong. The problem is that they never give much substance to their relentless negativity. Laughable.
Of course nothing is certain and time will tell who is right. I've never felt more confident however.
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