At the risk of sounding too optimistic and apologies for so many posts in the forum, but I have been trying to think about what a large find could mean to FAR, I have also been reading and researching other analyst opinions and comparing against other similar companies who had successes based out of Australia in foreign markets.
Looking at the report www.far.com.au%2Fwp-content%2Fuploads%2F2013%2F11%2FStockAnalysis-Special-Edition-on-FAR-16-Oct-2013.pdf
Published by Peter Strachan on the 16th of October 2013, there is a sentence within the report;
"FAR is well capitalised, with cash of about $25 million and a further US$5 million due from Cairn Energy once government approvals are in from Senegal. The stock is well positioned to emulate the successes of Hardman Resources in the early 2000’s."
http://goo.gl/FOyjTG is the link to the historical Hardman share price and growth from 2 cents to 2 dollars, with the share price history attached as an image.
Do your own research, but I honestly think that FAR after obsessing over it for the last year could emulate the likes of Hardman pending success in Senegal and the Farm-in news and success with L6.
This is why I am here. Selling out completely at 15 cents to me would be shortchanging yourself. FAR pending success could be a 50 bagger!
Call me too optimistic, but as per the Hardman success - it is possible!
I will now let others start to fill up the thread and go back to my cage ;)
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Last
51.0¢ |
Change
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Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 51.0¢ | $13 | 25 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 192594 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 104174 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 192594 | 0.505 |
2 | 162764 | 0.500 |
4 | 269438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 104176 | 3 |
0.515 | 3300 | 1 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
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