Beware the cult, page-2

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zacma

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19/04/16

07:55

Post #: 17538223
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Originally posted by Tony999 ↑

Lots of folks are angry at people like me for posting critical posts about FAR or management and generally rocking the boat.
The reality is they are angry at the position they find themselves in.
FAR has not delivered what they expected.
It has been a very, very disappointing stock.

People try to take comfort in the soothing words of the old timers or long termers.
That wont help you, trust me on this.
People spit the dummy when the going gets tough.
It is weak and pathetic.

I remember Whisky from BCC.
Same MO.

BCC was another cult like stock.
It was pathetic.
Most investors thought it was a game.
All that pirate nonsense and Buccaneer bullcrap.
The forum was nearly identical to this one.
No dissent was tolerated, the true believers stuck together and bullied anyone who didn't tow the company line.
We all know what happened to BCC.
Did Whisky go down with the ship or did he bail before it sunk?

This is not a game, its very real.

This is real money people are losing.
The long termers would have made more money putting their money in the bank.
This idea of high risk for high reward has suddenly changed to high risk for maybe, hopefully doubling ones money.

The people who did all the upramping & OTT spruiking will disappear one way or another (spit the dummy, get banned) and the mug punters who believed all the hype will be the bag holders as per usual.
I don't want to be surrounded by Yes men or management sycophants.
I don't want to be surrounded by people who keep putting the best possible spin on things.
I want hard nosed people who hate losing money and want to hold management to account all day everyday.

Here is a tip, if you don't like my posts don't read them.
Keep one eye on the long winded posts and one eye on the SP.
The SP tells you everything you need to know about how the company is going.
This idea we are largely derisked is nonsense.
We burn thru $15 million a month.
We have 4 to 5 months money in the bank before another CR is required.

We need oil at $70 or a T/O offer to lob on our door step.
Otherwise we are going to be stuck in a Groundhog Day like scenario of never ending CR's at very low prices.

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Not sure Tony if you were addressed here. Your panic button is quite entertaining.
Plus there is always an element of truth in every post.
However, I have to say, if you want to be hard nosed about FAR, you definitely should leave and trade. Nothing much will change in the short run (don't take it as advice) plus you seem to be in profit anyhow. Could I do it? No. I would only loose.

FAR Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 44.0¢		Change 0.000(0.00%)		Mkt cap ! $40.66M

Open	High	Low	Value	Volume
45.0¢	45.0¢	44.0¢	$79.01K	176.8K

Buyers (Bids)

No.	Vol.	Price($)
4	90149	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.0¢	26260	3

View Market Depth

No.	Vol.	Price($)
4	90149	0.440
1	44485	0.435
3	56704	0.430
1	50000	0.425
3	51894	0.410

Price($)	Vol.	No.
0.460	26260	3
0.465	7850	2
0.470	2631	1
0.475	16000	1
0.480	1800	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last 45.0¢		Change 0.000 ( 2.27 %)
Open	High	Low	Volume
44.0¢	45.0¢	44.0¢	77116
Last updated 15.59pm 21/05/2024 ?

FAR (ASX) Chart

Beware the cult, page-2

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