I like it. The Gambia wasn't a dry hole, so there's still value probably worth exploring, and with Shell finding oil in Africa the whole of the West coast is now in play.
I would settle for a cast iron promise to turn over each dollar in royalties to shareholders, or even to become a royalty company. Use the cash on hand to fund companies needing a little extra cash to finish developments in exchange for sweetheart royalty flows.
Gambia and GB tenements could also be exchanged for say a 1 percent royalty
I like it. The Gambia wasn't a dry hole, so there's still value...
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Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $39.73M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 43.0¢ | $266.1K | 610.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57704 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 60000 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
43.5¢ |
Change
-0.005 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| 43.5¢ | 44.0¢ | 43.5¢ | 196207 | ||
| Last updated 11.49am 06/05/2024 ? | |||||
| FAR (ASX) Chart |