The leases are as secure as they always were between extensions, which is that they carry that government risk.
I don't believe Senegal is even priced into the current share price, Kora is the deal maker here.
It's only been 2 months or so since FAR sp was at 15 cents, what has changed in that 2 months for the share price to drop 40% beside from a few delays in drilling which are to be expect? Nothing, the lease extension was overdue months before, if you weren't voicing your concerns and selling out 2 months ago why consider doing so now at a 40% discount when nothing has changed?
In saying all that though, technically there is no support until 8 cents so I wouldn't be surprised if the shareprice plopped to there for awhile.
Regardless of the lease, Kora is being drilled, and Kora being drilled will be a very positive sign for the share price.
So I guess determine what price you think FAR is worth with Kora net Senegal if Kora hits and I'm pretty sure you will find it very attractive at these prices.
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Last
49.5¢ |
Change
-0.003(0.50%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
50.0¢ | 50.3¢ | 49.5¢ | $74.71K | 149.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37432 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 202895 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 191996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 202895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
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