That's only 23 to 30c. Some here would be very disappointed with...

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26/11/14

20:16

Post #: 14359494
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Originally posted by bartholomew ↑

I haven't previously posted on this site because I like to add the most relevant things I can come up with and FAR has been a little out of my sphere of knowledge. The whole FAR site is greatly indebted to John Paul who has helped to make a tight well less tight. I have however, been keeping my ears open and from a few tweets and the odd eagle I have concluded the following. The current valuation of FAR on the results in the market place give FAR an NPV of one billion US Dollars. We can expect an offer of between between $700 and $900 million from a predator more likely from one of our partners or others who are showing interest.

Over the last few days large numbers of shares have sold which has formed a base under which further falls are unlikely. This indicates that very large buyers have been moping up those shares. Some in the industry are of the opinion that oil prices have also formed a base and prices should firm from here. This is very good news for FAR because the softening of world oil prices have been overhanging the SP. Broker sources tell me that had oil remained in the $110 - $115 range then 40cents would have been target SP. Looking forward six months a further four to six wells, including two appraisals are likely to be factored. All in all an absolutely fantastic scenario.

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That's only 23 to 30c. Some here would be very disappointed with that offer.

FAR Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 49.5¢		Change 0.005(1.02%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
49.0¢	49.5¢	49.0¢	$4.017K	8.162K

Buyers (Bids)

No.	Vol.	Price($)
1	19637	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	14177	3

View Market Depth

No.	Vol.	Price($)
1	19637	0.490
2	30000	0.485
4	89930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.500	14177	3
0.505	11981	2
0.510	129688	3
0.515	2239	1
0.520	79910	2

Last trade - 13.40pm 26/07/2024 (20 minute delay)

FAR (ASX) Chart

That's only 23 to 30c. Some here would be very disappointed with...

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

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Buyers (Bids)

Sellers (Offers)

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That's only 23 to 30c. Some here would be very disappointed with...

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News