far a huge buy now, sitting pretty, derisked, page-30

I liked what I saw at PCL - but decided not to jump on after a massive gap up. FAR seems a fantastic little stock to use to jump on the bandwagon for obvious reasons including having cash.

I think it is worth looking at some key price points.

The share price may be a bit volatile until there is some drilling done (then may be volatile too :)). However the licences are obviously in the right place. Apache may not strike oil next door (or they may) - that may be the next bit of relevant news.

March Cap Raise was at 4.3 cents - so not many sellers should be willing to sell below that price, even with gas and not oil. I will top up around that price.

5.7c the recent high.
6c - about $4m worth of options. Not many really, but could be slight resistance.
8c - the pre "gap" SP. Could be quite a lot of stuckholders start to appear there, and also it is quite a clear target on the chart. So I am targeting 8c short term (say one month approx) for that reason.

GLTA