Ann: Chairman's letter with SPP and NOM, page-92

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Northwestsoutheast

118 Posts.

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19/12/19

07:38

Post #: 42042126
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Originally posted by zacma: ↑

Problem is there are two types of Investors. In for the money only and in for a long term position being part of the Development of the Company. Although both want the money, the long termer also understands the industry, its trials and tribulations and the fundamentals. They are also called 'happy clappers', emotionally invested, stupid and what ever. And there is some truth in all posts. And then the are people like myself. In for the money and then learning all about the industry and enjoying it. Call it emotionally invested. I have promised myself that it will be a one off indulgence since I am too old for a second run. In spite of the long term view one always hopes that a SP explosion will happen, as it may have happened in the past. FAR had several points of success where this could/ should have happened. And it did not. At this point in time I put it down to not only external circumstances, but also to a change in the energy industry and a change to the speed and way a SP is traded. No need to have FOMO and algorithm is used to control the market. Market being the share trading and not the companies on the ground who need to have skill and take risks. I have no reason at this stage to criticise Management. They don't babble on which I like. I suspect most minnows behave like Disallowed salesmen to attract funding and most die. FAR's behaviour is to my liking. Say as much as one needs and ignore the Bee hive. Be highly skilled and nimble and focus on the task ahead. Judging on the speed they can raise money (I know it is a low price) people and institutions must see value in FAR, as I do.
Let's see what happens. Interesting, since FID was meant to happen in 2019 and there was no retraction but on the contrary several confirmations in the news, will the next 4.5 trading days see a miracle?

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Great post Zacma!
Totally 100% with you.
I'm in your camp.

FAR is definitely a little Aussie battler.

FAR Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Last 52.0¢		Change 0.005(0.97%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
51.0¢	52.0¢	50.0¢	$79.61K	155.1K

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No.	Vol.	Price($)
3	39538	51.0¢

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Price($)	Vol.	No.
52.0¢	306286	4

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No.	Vol.	Price($)
1	2495	0.495
1	47000	0.485
1	1999	0.475
2	92553	0.470
1	3000	0.445

Price($)	Vol.	No.
0.520	306286	4
0.525	20000	1
0.530	101005	2
0.550	77285	3
0.555	10000	1

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Ann: Chairman's letter with SPP and NOM, page-92

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