Selling out is always an option.... although I would suggest not a very good one or palatable one to lock in a substantial loss at this particular point with PE, FID & Gambia speculation at least all due imminently or before 30th June tax window.
Note - I'm wrong more often that right (hence a Far shareholder). I also remember many of discussing at 8c that they have a great asset and not even mediocre management performance would stuff it up medium term result for shareholders, then we said the same thing at 7c, 6c, 5c and hey presto.
Still, won't be selling out just now, but held way more and way longer than intended and nervous now about macro social/political/economic issues such as WW3, GFC, Oil pices etc and what can happen in next 3 years before we look at exiting with a return or hopefully breaking even and if Gambia drills are also failure.
Now potentially high risk/low reward - that's not what the text book said about oil exploration investments, especially after 11 successful drills.
Go Team Far...Far is the 4.25c Vehicle, Yay
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4 | 87930 | 0.480 |
3 | 85000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
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