Downside Risk, page-54

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szaba_the_hut

14,183 Posts.

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28/09/18

08:03

Post #: 35897762
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Originally posted by cujo ↑

Its ironic how its the very same posters who said after FAN that the SP will soar are the ones who are first cab off the rank to criticise any view that does not go hand in hand with their own view of things.
Remember the $1 party, the $7 valuation by the water boy, embraced by all at the time.
After SNE was found it was the same mantra, claims of soaring SP.
After every appraisal of SNE it was the same, the SP will soar.
Here we are again the same posters going bananas on a possible contingent resource at SAMO and this time before the drill bit turns.
The same question was asked after every appraisal, "why didn't the SP go up"

The trouble is the SP hasn't soared even though we are on the verge of booking 560m boo.
They say its the shorter's capping the price for years but I don't believe that.
The simple reason why the SP is depressed is the need for capital to stay in the game.
Many raisings sub 10 cents which has inflated the SOI which in turn has depressed the SP and what is commonly known as dilution.
It seems the holders who are still here from the initial discovery still refuse to believe that the massive share dilution since then has depressed the SP yet no one has given any other reason why it is.
All the response given now is one line replies without explanation why the SP is depressed and mostly ridicule content.

Some even say the SP has gone from its 6 cent lows to where it is now over 4 years and call that a successful investment even though the amount of oil found has been vast.
The reason why the SP hasn't gone higher is obvious though, dilution, and that for those who are left on these threads is the reason for the low SP and the reason why large jumps in SP wont happen.
JIMHO.

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If holders are permitted to participate in raisings it is called investment rather than dilution. In any case we have been able to stay in the game through the low oil price cycle (well done FAR) and in many cases holders have been able to buy shares @ or below raising price.

For investors like me in AusSuper I am limited to ASX300 companies FAR is my best performer of the last 12 months and it has been a good 12 months for my portfolio. To be the best in a good year makes me happy. I may have to order pom-poms if Samo delivers us 30c +

FAR +67%
ELD +41%
WPL +36%
OZL +27%
WES +20%

FAR Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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Downside Risk, page-54

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Downside Risk, page-54

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