FAR 2.11% 48.5¢ far limited

Well, that's end of FY20/21, let's recap on just how much Far...

  1. 1,886 Posts.
    lightbulb Created with Sketch. 803
    Well, that's end of FY20/21, let's recap on just how much Far have achieved and the long term shareholder value that's been created...

    - Been suspended by ASX for 75%+ of the year (due to ASX's fault for having to prove not insolvent)
    - Sold 15% of SNE for much less than it cost to discover and appraise just as oil hits US$70+ (not a good business model)
    - A director resigned and Far thanked him for "hard work and expertise guiding FAR through the Senegal RSSD financing process" (yes, those actual words)
    - Had a few dramas a usual with some potential low ball takeover bids which never eventuated and just walked away from acquiring this prize
    - Rearranged a few meetings
    - Had a first strike at AGM
    - For the first time a major investor raised some dissent and wanted pittance returned to shareholders (thks, but too late)
    - Booked a ship to drill Gambia
    - Lowered COS of Gambia drill
    - Got approval to consolidate shares (obviously in the best interest of shareholders, right)
    - Great communications and transparency with shareholder relations (especially over contract conditions with sale of SNE). Videos seem to have stopped?

    All in all, another spectacular year for Far shareholders.

    Great value from a management team on top of their game, long may they continue.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
48.5¢
Change
0.010(2.11%)
Mkt cap ! $44.81M
Open High Low Value Volume
47.0¢ 48.5¢ 47.0¢ $24.68K 51.24K

Buyers (Bids)

No. Vol. Price($)
1 7400 48.0¢
 

Sellers (Offers)

Price($) Vol. No.
48.5¢ 75039 4
View Market Depth
Last trade - 15.42pm 25/06/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.