I think Cujo you forget that we didnt pay for the drill. In fact...

First 130 Last

Share
Profile

Follow
david

2,451 Posts.

175

10/11/18

13:24

Post #: 36457753
Share

Originally posted by cujo ↑

Definitely oversold yesterday but I lay the blame for that on the hype management and Malcy gave this drill.
It was a wildcat in an area that no big oil would touch after just one well drilled previously and that by the way showed the same result, oil shows..
How it got a COS initially of 55% because FAN and SNE was next door is beyond me.

It also throws up many questions why Ben Clube decided to resign after what he did for the company which has been conveniently ignored.
Obviously there was a clashing of heads in the boardroom which we will never get to the truth about.

There was much discussion before the drill about valuations of the company which were verging on the ridiculous.
It seemed most thought it was a given 825m boo would be found even though it was a prospective resource.
As mentioned though companies always put out a prospective figure in a wildcat but more than often it comes up zero and that was borne out in this case.
Its the same with booking of reserves and this infamous RISC report.
I read these revelations will raise the SP to 25 cents somehow.
It seems the mathematicians with us never stop blurting out fictitious figures for us to drool over.
No way in the world will the release of this information magically boost the SP to these heights yet still they get dribbled out.

FAR's main concern now is financing SNE.
The Gambia will be on hold although I don't understand how they only got a 6 months extension even though they did their commitment well.
On that the last thing we need is another 20% of that permit as its 2 out of 2 duds.

I think we will find that after Cath recovers from this she will definitely be off her high horse and will get back to reality.
They have already lost Ben Clube which will now be a massive blow to what's coming up for this company.
Cath has chosen not to replace him which IMO is a mistake going forward.
The sharks will be swarming around this company now and takeover time is nigh.
Major shareholders will be not too happy with the shenanigans.

PS.....wonder what Malcy's price target now is and based on what.
PPS.....a big hello to the FB exiles.

Expand

I think Cujo you forget that we didnt pay for the drill. In fact we will probably have more money in the bank post drill due to the Stena's efficient drill. Money unspent will be given to us.

Worth a shot in my view.

FAR Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

There are more pages in this discussion • 93 more messages in this thread...

First 130 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change -0.005(0.98%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
51.0¢	51.0¢	50.5¢	$17.83K	35.14K

Buyers (Bids)

No.	Vol.	Price($)
4	34046	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	59999	2

View Market Depth

No.	Vol.	Price($)
4	34046	0.505
1	29878	0.500
1	30000	0.495
2	28930	0.480
2	70000	0.475

Price($)	Vol.	No.
0.510	59999	2
0.525	69690	1
0.530	30000	1
0.535	30000	1
0.540	52471	2

Last trade - 15.57pm 11/07/2024 (20 minute delay)

FAR (ASX) Chart

I think Cujo you forget that we didnt pay for the drill. In fact...

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Canadian fieldwork yields multiple pegmatites for Trinex

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I think Cujo you forget that we didnt pay for the drill. In fact...

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Canadian fieldwork yields multiple pegmatites for Trinex

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News