Tony and Malcolm you are both on the money.
The SP is being strangled by the THP. I don't see FAR ever being able to reap it's share of the rich rewards this potentially massive find offers. The cost of getting it from the sea bed to the pump will be beyond it's relatively meagre resources. Best bet for value to be realised will be a relatively low ball TO. I imagine in next few months when potential suitors can pick up a bargain. FARJOY notwistanding the register seems vulnerable.
Ian
Cairn Preliminary Results and Cath's MMC Presentation, page-5
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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 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |