FAR 0.99% 50.0¢ far limited

Ann: Trading Halt, page-122

  1. 1,510 Posts.
    Sorry Simon, it has nothing to do with the current VR1 hole. This hole was almost free carry owing to the efficiency gained from SNE-5;

    "Due to the efficiencies achieved on SNE-5 well and projected improved drilling performance, FAR estimates that the inclusion of the VR-1 well into the drilling program will have a minimal incremental funding impact for FAR (estimated at approximately A$2-3 million). FAR reported a closing cash position at 31 December 2016 of $47 million. FAR is comfortably able to fund this revised well program of 3 wells."

    A CR was always going to happen, it is a publicly listed company which has no income - spending at a reasonable rate.

    This cash is for the new purchased leases & further drilling on the current & new leases.

    Once again (and more so from the past week) - FAR is one of the best stocks on the market - full stop.

    Only upside from here - IMO / DYOR.

    Cheers
 
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50.0¢
Change
-0.005(0.99%)
Mkt cap ! $46.20M
Open High Low Value Volume
51.5¢ 51.5¢ 49.5¢ $12.21K 24.48K

Buyers (Bids)

No. Vol. Price($)
2 17061 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.5¢ 10000 1
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