It doesn't matter what the oil price does!
It doesn't matter if Far find more oil!
It doesn't matter what deals Far make!
I think we can now clearly ascertain that It really doesn't matter what Far do,there will almost certainly be no profit here for shareholders due to the Industrial Scale dilution that's been heaped on us by the board.It is disappointing but that's the harsh reality of investing in Far,the very best case,although highly unlikely,would be for holders to be able to exit at break even.
But that's likely a pipe dream as we've already had the glory of discovering the oil,which is generally when the share price rises strongest,soon it will the serious business about raising funds for the cost of developing the field,which will be very significant,so lots of future dilution and/or potential debt in the offing,and as Far only have 15%, will they have to reduce it to 5% to help contribute to costs?
Who knows,the only sure thing here is that it has all been a complete and utter waste of time and money for every Far shareholder on the planet.
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Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 39845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 39845 | 1 |
0.500 | 16960 | 1 |
0.510 | 102895 | 3 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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