I wouldn't hype the Farjoy thing to much.
I'm not sure that Farjoy single handly pushed FAR from 4 to 14c. An oil discovery may also have had something to do with it. However I won't go into a cause and effect discussion
Good for liquidity perhaps ?
In my opinion, the only reason Tim from Farjoy has posted twice on Hotcopper regarding the FAR share purchases probably has something to do with the following facts regarding FAR
3 billion shares, outside of FAR's holdings (11% ?), 4% of equity is owned by institutions, and I assume that 4% is only so high because of the recent addition of FAR to the ASX300 index
11,500 retail punters own the rest of FAR. ie it's in his best financial interests, and let's be honest - we'd probably all do the same.
I'm a bit nervous now, I hold CAS, BDR, FAR, and I'm not mega excited about any of them, If he buys into RXL, I'll really start getting nervious.... maybe the legal eagles will get all activist and boot the high cost BDR management team out...
Just hoping to get above water before the next great share correction/collapse - what do they say expect 2 bad years every 7?
Mmhh a lot of water and potentially not so much time.
Back onto CAS page 12 of annual report, vehicles are parked close on one side of the pit, and it sure doesn't look like solid benchwork on the other....(photo angle?)
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