I'm new to FAR so this was the first time I've seen her speak. She appeared confident, articulate, and well accross her brief. There is clearly appears to be a valuable world class resource there.
On the downside:
1. given its size I wonder about FAR's ability to fund the ongoing development (other than by further diluting existing shareholders - the old share printing game). Offsetting this was the CEO's comment about the ability to source funding once the resource has been greater established. And
2. The resource is located in Africa - a continent with a well established reputation for unstable governments) as well as rife corruption.
On the upside I can easily see FAR being taken over by a major (who has the resources to manage all of the above risks).
Good luck to all.
Cheers,
I'm new to FAR so this was the first time I've seen her speak....
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
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| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |