FAR 0.00% 48.5¢ far limited

After 6 years I out., page-9

  1. 14,314 Posts.
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    I sold @ 0.082 when i saw the new CNOOC AMI deal prior to the CR, I feared CNOOC would become a cornerstone investor to solve FAR cash needs for next 12 months. CR came in subsequently and China not involved has opened the door to my return.

    I jumped back in at 0.08 just prior to TOTAL ROP Ann and minister sacking shenanigans.......if Senegal government goes full retard at this point with dubious back room deals, I may find I have dropped a falling knife (again). Such is life.

    Assuming all is well and the sacking was a resignation waiting to happen then at this stage I will double down at 0.075 if it comes to that but otherwise hold till resource upgrade in August. Finger on the sell trigger if CNOOC/China take a more direct financial interest at any stage though ........
 
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