If POO holds value FAR’s interest in RSSD could substantially increase in value over that six month timeframe. FAR will be six months closer to first oil and POO is forecast to be $50 + by the end of this year. These two factors combined increase the possibility of FAR securing finance by the end of the year.
By holding on to their capital allows FAR some wiggle room as future opportunities and developments become apparent.
The world is starting to reopen, Covid 19 deaths are on the decline and the oil supply / demand curve could easily reverse resulting in supply shortages.
WPL may well find that procrastination at this point, could be their undoing. Holding rather than selling may we’ll prove to be the prudent tactic, don’t see the big end of town bailing. ATM
AIMHO
Ann: Sangomar Project Update, page-97
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |