FAR 5.38% 49.0¢ far limited

A new optimism, page-42

  1. 479 Posts.
    lightbulb Created with Sketch. 96
    Paris123456 can you explain how far keep the share price down because I don't get it. You talk about dilution like its cost us money, don't get it. Each CR has allowed more drilling, more oil found and yes a lot more oil.That out ways any dilution. To my way of thinking if this next lot of drilling finds just 60 million far share 10 million barrels of oil times $6 a barrel =$60million dilution payed for then every barrel of oil after that is nett gain to holders. We have 500 mill boo, 90 mill to far once this next drill is finished and if they find more oil and do the connectivity test, I would think we would be sitting on over 1 billion boo, 170 mil to far. None of this could be achieved without CR-dilution which has given us a lot more than what it has cost.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.