it makes abit of sense, Laza is hedging his/her bets, though with little faith, it would seem he/she is better off selling all.
Many would disagree (and have) on the status of oil there or not, and Shell's reasons for not moving forward with the development.
Basically though, most on this forum would agree that at 5c, FAR is good value long term, and the immediate risk of little oil shows per the Shell research, though unknown, is still small compared to the great upside for a company with 4cps cash support (est.) and a diversified holdings portfolio, not to mention proven management experience to jump in (and out) of bed with the big players (like Shell).
Good luck
- Forums
- ASX - By Stock
- FAR
- hypothetically speaking.......
hypothetically speaking......., page-7
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
Add FAR (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26752 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 109917 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42668 | 0.500 |
2 | 29755 | 0.485 |
4 | 113930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 109917 | 4 |
0.525 | 60000 | 2 |
0.530 | 60000 | 2 |
0.535 | 115000 | 3 |
0.540 | 131187 | 5 |
Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
FAR (ASX) Chart |