Far is now approaching its fair value of 6.5 cents.
More downs than ups ahead !
With almost 6 billion odd shares and a market cap of 4oo million Far is a long way from production .
Unless the price of oil increases markedly on 2021 -22 production of 30,000 bopd (FAR4.5 thousand 15%) the daily profit to FAR on $10 barrel margin is $45000 per day , $315,000 per week ,18 million per year .
To reach production more capital raisings at 7c for say an extra 2billion shares . eight billion shares then in total .Savage consolidation of say 1:50 at this stage.
On a market cap of say 400 m at 18 million profit PE of just over 20.
Eight billion shares into cap of 400 million + 5 cents.
However FAr could rise with success at Guinea where greater percentage of lease held , price of oil increase or could be taken over at say 10 cents.
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 46.0¢ | $48.33K | 105.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 255173 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 35835 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 255173 | 0.460 |
1 | 6440 | 0.455 |
7 | 338685 | 0.450 |
2 | 8793 | 0.445 |
4 | 105294 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 35835 | 4 |
0.470 | 33931 | 3 |
0.475 | 13000 | 1 |
0.480 | 3319 | 2 |
0.495 | 41000 | 2 |
Last trade - 15.25pm 05/06/2024 (20 minute delay) ? |
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Last
46.0¢ |
  |
Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
46.5¢ | 46.5¢ | 46.0¢ | 17097 | ||
Last updated 15.50pm 05/06/2024 ? |
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