Agree 100% plugged. Im enjoying this lil down trend in FAR. I get to accumulate more while people sell out their positions. Shell is not required to disclose geological data or reserves estimates and potential to the markets it trades on. It is now in a JV with an ASX listed company, so it will most likely be preparing a full report of its findings to be disclosed to the ASX for FAR.
I wouldn't worry about the sellers over the last few days. FARs price increase as of recently has been due to the disclosure of the project in the media. The appearance of media announcements on MMR and BUY have cause their spurious rise in SP today. MMR has more potential resource with their stake in PEP11 than FAR do with their stake in Senegal acreage. MMR also have the tax advantages. What MMR don't have is a Shell and there is nothing like having the Number One ranked Global 500 company in a speculative venture with you. The market cap of both companies says it all.
MMR value - 37 million
FAR value - 74 million
Enjoying these great accumulation points that MMR and BUY have created for me.
Agree 100% plugged. Im enjoying this lil down trend in FAR. I...
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |