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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50.0¢ |
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Open | High | Low | Value | Volume |
50.0¢ | 50.5¢ | 50.0¢ | $10.65K | 21.17K |
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No. | Vol. | Price($) |
---|---|---|
1 | 22859 | 50.0¢ |
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Price($) | Vol. | No. |
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51.0¢ | 132427 | 5 |
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No. | Vol. | Price($) |
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1 | 22859 | 0.500 |
1 | 47555 | 0.495 |
1 | 2041 | 0.490 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 132427 | 5 |
0.515 | 1942 | 1 |
0.520 | 109910 | 3 |
0.525 | 60000 | 2 |
0.530 | 60000 | 2 |
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