Possible no doubt but if the sale proceeds FAR should have cash backing to the tune of ~ $170 million and drilling The Gambia in the next 6 months. I believe those 2 things will support the sp
The problem the shorters will have is liquidity. ATM with 10 billion you can influence the sp with say 5 million shares. With only 100 million that becomes a lot harder, to both drive the price down and buy back when you need to close.
Like I said. I would support consolidation IF we trade prior and the sale goes through.
IF not then go forth and multiply x 3.
Consolidation, page-14
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 27/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |