My personal opinion is that a penny stock suits traders more as they depend on volume an even a variation of 1/10th of a cent. Funny enough, consolidation may stabilise the price somewhat by getting rid of the smaller day traders.
As to whether we get to $7 or not, that depends in the end on our market cap. If there are 400 million shares our maket cap needs to be around 2.8 billion.
Its possible depending on what is proved up by the drill bit. Who knows the timing? Will it come to pass?
Your guess is as good as mine. i'm obviously a betting man as I have my majority of shares in Far. It's gambling but I believe the odds are in my favour that i'll come out ahead as i'm sticking through the ups and downs that is bound to happen over the coming year(s)
Consolidation, page-5
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5356 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
View Market Depth
| Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |