FAR

2.00%

49.0¢ far limited

Sounds like a good investor presentation an up day on the all...

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kev633

165 Posts.

02/03/15

15:12

Post #: 14845410
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Originally posted by Kfann ↑

Hi Dangar,

Great post.

You are right; companies do not make an application per se but they, and other companies, can and do make representations to the ASX if they feel they maybe close or could/should be included.

And now's the time to do it because the liquidity numbers wont look that good in 2 months time (unless FAR's volume starts to spark now for the next 2 months....and it well could). Note that the huge volumes during the discovery periods are still included in the 6 months rolling average. These anomalously big vols were really evident in Sept and Oct last year and get included in the 6 month rolling average (which is the benchmark average looked at by the ASX for liquidity).

The maths here is important because if we took the liquidity for the past 2 months (since beginning of the year), FAR would actually have the second lowest liquidity of the group at about 0.32%. But the absolute number isn't as important as its relativity to its peers and the market in general.

So GR is very correct in pushing the relative liquidity of FAR now ahead of the March rebalance.

Yet I'm not sure why he felt it was needed to go public with this. When a coy makes a submission to the ASX, on this basis, its always done in private (I cant recall ever seeing a public push for index inclusion) and that's the way the ASX, like any other 'regulatory' body, prefers to operate.

Anyhoo, here's hoping the rather public reminder to the ASX helps....(maybe it has already)

Cheers,

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Sounds like a good investor presentation an up day on the all ords but low volume and maybe a finish in the red for Far . One thinks they should just keep quiet until they have some new!! and positive information

FAR Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 49.0¢		Change -0.010(2.00%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
48.5¢	52.0¢	48.5¢	$101.9K	200.6K

Buyers (Bids)

No.	Vol.	Price($)
2	48741	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	1786	1

View Market Depth

No.	Vol.	Price($)
1	41741	0.485
1	5000	0.480
1	10000	0.475
2	65000	0.470
1	50000	0.465

Price($)	Vol.	No.
0.495	1786	1
0.500	15000	1
0.510	25000	1
0.520	226386	4
0.530	1005	1

Last trade - 15.59pm 04/10/2024 (20 minute delay)

FAR (ASX) Chart

Sounds like a good investor presentation an up day on the all...

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Sounds like a good investor presentation an up day on the all...

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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