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45.5¢ far limited

Juxtaposition is the word that springs to mind....

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billdah

261 Posts.

62

18/08/18

00:24

Post #: 35008121
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Originally posted by beecherluck ↑

I’m new to Far however have been observing for a while.

As an observation WPL’s peter cole’s comments this week were definitive - I can see no wriggle room in them. If Far actually has any PE rights and they are proven Peter is cornered. If such an event occurs his reputation and credibility is damaged with his stakeholders (WPL shareholders). In my opinion it is a fair assumption to assume that Peter has received extensive legal advice before advising the market in such a definitive manner.

Accordingly, personally, I haven’t placed any value on any potential Far PE rights.

The above is not in anyway to say I am anti Far - on the contrary I think Far has huge potential with its existing confirmed stake in Senegal and the potentially unbelievable upside with The Gambia well this year. My model on Far based on factual fundamentals and existing knowns, has a significant valuation above the current price.

Unfortunately it doesn’t take into account fundamental risks such as sovereignty and funding. Africa is not exactly a stable environment. It probably explains the significant price differential between the current share price and what my model predicts is fair value.

BG

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Juxtaposition is the word that springs to mind....

FAR Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 45.5¢		Change 0.000(0.00%)		Mkt cap ! $42.04M

Open	High	Low	Value	Volume
45.0¢	45.5¢	45.0¢	$67.54K	149.8K

Buyers (Bids)

No.	Vol.	Price($)
1	73136	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
46.0¢	51760	5

View Market Depth

No.	Vol.	Price($)
1	73136	0.455
2	11834	0.450
2	200000	0.445
6	315149	0.440
2	144485	0.435

Price($)	Vol.	No.
0.460	41760	4
0.465	7850	2
0.470	3931	2
0.475	16000	1
0.480	1800	1

Last trade - 15.58pm 23/05/2024 (20 minute delay)


Last 45.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
45.5¢	45.5¢		45.5¢	12112
Last updated 15.59pm 23/05/2024 ?

FAR (ASX) Chart