FAR 0.00% 49.5¢ far limited

What an absolute load of Rubbish the Bulls post on here about...

  1. 36 Posts.
    What an absolute load of Rubbish the Bulls post on here about Far being undervalued and it's only a matter of time before the market wakes up one day and says,Hey, look at Far,it's really undervalued,let's start buying!! Or wait till oil rises ( its already risen nearly 100% and Far's hardly budged and is actually trading lower and lower every year since the oil discovery.

    The true and harsh reality is that Far is a 'Total Dog Share', Fact!.. It returns no capital gain whatsoever to its shareholders - even though it has been part of a large oil discovery.So,what does Far have? It has a small percentage of a likely Billion barrel oilfield,so optimistically,let's say somewhere around 150million barrels worth around US$2 a barrel = US$ 300 million,plus a modest premium for the other exploration potential,this takes Far to somewhere around where they are trading,anyone who disagrees with this analysis need only look at the share price & market value.

    So for all the deluded Bulls on here I ask you one question... If discovering around 150 million barrels(potentially) does not result in any capital gain whatsoever for Far shareholders ,then what will?

    Note: For any pedantic holders, these reserves figures are very lose and arguably optimistic but the point here is Far have been part of a large oil discovery and the share price is going lower and lower every year.
    That is a fact,These rest is just dreamers dreaming about what they would like to happen.

    Check out Malcy's Bucket list from last year, there are some real winners on there showing spectacular returns for shareholders over the last 12months. Far sits at the very bottom of that list and is the outstanding worst performing share in it,unbelievably it even shows a loss! TOTAL DOG SHARE,FACT.

    Wake up and smell the coffee or dream on.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.