FAR

0.00%

50.5¢ far limited

Beware the cult, page-18

First 18 Last

Share
Profile

Follow
Craw-Vert

341 Posts.

19/04/16

11:37

Post #: 17541276
Share

Originally posted by elemental09 ↑

I really don't know what any of you expected? Seriously, what did you expect them to do?

Here are some facts:

1.) We have found oil. We need to keep appraising the find. To do that, we need to pay our share of the drilling costs. To do that, we need to raise capital or we run out of money and either go broke or have to give away our % in Senegal. What the hell did Management do that is so bad? they raised the capital! they made sure that we have the capital to drill future wells.

2.) People talk about stock dilution. They gave a small discount (6%) or there about. Its not like its 60% for god sake. They had to create a large number of shares in order to raise that much money. The money will be spent on appraising more wells, exploration wells, 3D seismic and god knows what else.

For all those people that are angry, what was the alterative? what would YOU have done? we needed the capital, we raised it and the instos got a small discount.

I am serious, what was the alternative? what would have happened if they raised no money? we wouldn't be able to continue drilling, exploring and appraising. We wouldn't be able to meet our JV obligations. What would happen then?

And finally, to those of you harping on about management getting free options. Seriously, good on them. They might not pay for them, but it still gives them bloody good motivation to make sure the SP does skyrocket because it will make them very, very rich. I would rather them take up free options then none at all.

And as for posting threats about 'cults', it isn't a cult. It is a group of Mum and Dad investors that take the time to research the company.

This FAR forum is turning to hell lately.

Ele.

Expand

Last edited by Craw-Vert: 19/04/16

FAR Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

I88

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

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

This thread is closed.

You may not reply to this discussion at this time.

There are more pages in this discussion • 58 more messages in this thread...

First 18 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change 0.000(0.00%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
50.5¢	50.5¢	50.5¢	$14.48K	28.69K

Buyers (Bids)

No.	Vol.	Price($)
2	5356	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	59999	2

View Market Depth

No.	Vol.	Price($)
2	30878	0.500
1	30000	0.495
2	28930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.525	69690	1
0.530	30000	1
0.535	30000	1
0.540	52471	2
0.550	82295	3

Last trade - 15.44pm 12/07/2024 (20 minute delay)

FAR (ASX) Chart

Beware the cult, page-18

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Beware the cult, page-18

Top Stories

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News