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I think most investors are waiting on the outline on FAR's funding (well, I know I am).

Its now a month and half since the Gambia drill.   

There should be an update. 

There is little doubt the current MC is cheap; in light of the SNE asset it holds, but the lack of updates provide ample opportunities for shorters to attack the SP - dragging it down to where it is today. 

Ya posted a few days ago, on the WPL forum that FEED will cost close to US $100M to JV partners.   Refer to below.

"Till Dec 2017, their Senegal asset Book value was USD 434.5 mil. Add USD 30 mil which is their Capex guidance for SNE's pre-FEED & FEED study for 2018. So overall value should b roughly USD 464.5 mil."  This was in relation to WPL's 35% working interest.

If Ya is correct, then FAR will be running on fume soon - in about 3 months. 

Personally, I see an opportunity to make a bit of money in FAR (despite how I feel about FAR management), but will be sitting on the fence until this funding issue is resolved.  

AIMHO.

DYOR.