I do think FAR is slightly undervalued if the clowns in charge can get a sale over the line.
I want to exit but I reckon we need $60 oil for us to see 4.9c and allow me to exit in profit - unlikely in next 6 months IMO
So how bad will the damage be?
Very rough as guts
I reckon we will get 1.5c per share in short term - if we just lose the asset through the default process without a sale this is a $20M company
If oil can rally with confidence it helps in the deal IMO, if oil could sustain say $50 for a few months we may see 3c - I would be happy with 40% loss on my investment at this stage. I reckon FAR are desperate for operator to lower official Dev cost / Boe so that the equation improves.
Extremely Rough Value Calculation
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Last
45.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 45.5¢ | $5.01K | 11.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13988 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 41760 | 4 |
View Market Depth
| Last trade - 11.10am 24/05/2024 (20 minute delay) ? |
| FAR (ASX) Chart |