Grizzle1: Tend to agree that the MAJORS are normally shy in committing to new areas until they have become de-risked. But (JIMHO) the first two HRT drills have to a certain extent "de-risked" the Walvis Basin.
AND: For a MAJOR they could get in (farm-in) now very cheaply indeed.
Unlikely, I do know - but not impossible.
As I did mention on the PCL thread: Normally FAR and PCL have about the same kind of market cap. And PCL is lagging a bit in this respect at the moment. So this may be the simple explanation. Time will tell.
Personally, I am pleased to be holding both FAR and PCL.
All the best to all FAR longs.
wasa
deepwater millennium, page-17
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Last
48.0¢ |
Change
0.005(1.05%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.0¢ | $53.27K | 110.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 51078 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 2297 | 1 |
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| Last trade - 15.59pm 07/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |