FAR 0.00% 48.5¢ far limited

Ann: FAR completes a $60 million capital raising-FAR.AX, page-55

  1. 10,300 Posts.
    lightbulb Created with Sketch. 1002
    as we all know zacma the sp will never move in a linear path. so yes you will c the usual troughs and peaks. however there are 3 aspects critical in a stock that far ticks which is extremely -
    FA - discovered serious oil.and continually proving up
    Registry - stabilised by insto willing to support this company. have opinions on the ethics and interests regarding the retailers, however it is a massive vote of confidence.
    TA - on a LT uptrend. the sentiments matches with the FA.

    this protects far from low ball TO by providing stability in the stock. as long as far keeps delivering the sp will be supported. 60 mil when poo is in the 40s SL
    and money hard to attract is a remarkable result. IMO the real fireworks have not started. the stronger the 9/9.1 support holds the better.
    Last edited by insaf: 15/04/16
 
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