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.
Far is now approaching its fair value of 6.5 cents. More downs...
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Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $41.58M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.0¢ | 44.5¢ | $60.88K | 136.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19960 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 44611 | 5 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
Change
0.005 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| 44.5¢ | 45.0¢ | 44.5¢ | 15787 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| FAR (ASX) Chart |