To invest in an exploration company is a learning curve. Not for the faint hearted. But why butt out now? After all the success we had? Just because of the SP? All I can say, if anyone seriously believes that FAR will not come good, by all means jump. To me the fundamentals look excellent.
1) We have found the oil in decent quantities. (Rare in itself)
2) The POO is definitely looking much healthier
3) The oil reserves are depleeting.
4) No major oil find in the last two years (Plenty of gas, the globe looks like far..ng)
5) Majors not replenishing the inventory as they would want to.
6) Increase in consumption, even during economic downturns
7) Increase in world population. One should be aware that the world does not even eat without oil. It is a never ending requirement.
8) Peace is under threat, oil security an ever present issue.
9) No many shares are rallying. Bots seem to be the only ones making money. Don't forget should you ever make money, there are at least 10 who lost in return.
10) Last and not least. In this world there are poor suckers and a few rich. Ask yourselves, who has in the past and will in the future control this planet.
Would I love our SP to be a dollar this afternoon? Of course. Even 20 cents would be great.
Will FAR succeed? Things would have to turn very bad to not to succeed. And if so, the world would be faced with a calamity.
Mums and dads now have only 45% of the company, down from 67%. I like to think that I will be here as part of the last 10%.
GLTA.
The cheer squad.
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $2.305K | 4.609K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17688 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 88712 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17688 | 0.500 |
1 | 89162 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 160000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 88712 | 1 |
0.510 | 100000 | 1 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
0.525 | 118000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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