OOO
You are right. FARS CR's have been accretive because they have found (fortunately) more oil and supposedly added value to the company notwithstanding that this added value is not reflected in the SP.
In that accepting that SP is not the true arbiter?
Isn't the real argument about, "how accretive". If the CR's were able to have been done at a higher price then the CR's would have been proportionally more accretive.
I for one am not actually blaming FAR's management on this one. As I said I will give them the benefit of the doubt. Hence my comment that both FAR's management and ourselves are minions in this game.
Although arguable, (everything is), the proof of this is to compare CNE's and FAR's graph.
A new optimism, page-48
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21776 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |