So much news coming up ... the JV meeting outcomes on field size, development plans and costings. FAR's numbers on the same and the RISC upgrade. The Gambia farm-out which seems to be close (and their drilling plans). This of course could include some financing outcomes such as cost reimbursement as well as free-carry on drilling (which gives the lerase a value to FAR). Perhaps some news on further exploration plans ... I liked Jon Keall's statement that work would start on further appraisal on the Fans shortly. And I wonder whether the JV meetings will consider the data on the Fans from the recent drilling and lead to a statement on commerciality (more likely at a later point).
I topped up at 7.1 yesterday to be set for all this news. Seems to be little downside at present and quite a few catalysts for a rerate.
H
A lot of catalysts near term
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49.0¢ |
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Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.5¢ | $11.35K | 23.29K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 30000 | 1 |
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| Last trade - 10.33am 23/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |