Agree, Chef, with your outline here.
While it would be nice to have a hand still in WA, I see the big SP trigger for 2013 being Africa. Just look at PCL's pre-spud run.
At these current prices, it is hard to see FAR losing money for an investor who is happy to hold for 12 months through 2013. With AP coming up, then the hope of news from Africa, there are plenty of catalysts for 'good news' and a SP heading northward. IMHO, FAR offers littledownside at present compared to the potential price when drilling is announced for Africa.
Great buying opportunity for the patient at present.
Ann: FAR to sell Carnarvon Basin asset , page-20
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50.0¢ |
Change
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 50.0¢ | $1.149K | 2.297K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34026 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 88712 | 1 |
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| Last trade - 10.02am 16/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |