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
46.5¢ |
Change
0.005(1.09%) |
Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
46.5¢ | 46.5¢ | 46.0¢ | $63.02K | 136.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40000 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 27584 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 40000 | 0.455 |
4 | 267456 | 0.450 |
1 | 30000 | 0.445 |
2 | 35000 | 0.440 |
1 | 40000 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 12584 | 1 |
0.470 | 89959 | 4 |
0.475 | 6667 | 1 |
0.480 | 1519 | 1 |
0.485 | 13000 | 1 |
Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
46.5¢ |
  |
Change
0.005 ( 1.09 %) |
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Open | High | Low | Volume | ||
46.0¢ | 46.5¢ | 46.0¢ | 14342 | ||
Last updated 13.41pm 13/06/2024 ? |
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FAR (ASX) Chart |