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5 days to kora spud ?? jjmentor, page-27

  1. 208 Posts.
    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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