FAR 0.00% 49.5¢ far limited

Agree, total dog share, Oil touching $70,excellent market...

  1. 36 Posts.
    Agree, total dog share, Oil touching $70,excellent market sentiment and still this dog languishes around its lows.
    I was hoping this might go on a bit of a run as oil shot up from the $50s to the $70 but this dog's barely moved.

    And I wonder if the industrial dilution machine that is Far will print another zillion shares as the Far annual Industrial scale dilution festival draws ever nearer?

    There is nothing other than a TO that can move this dog, they've had the honeymoon period when they discovered oil and thats when the share price is at its highest.Now, they have to procure debt & finance to get the oil out and this phase of the cycle is not shareholder friendly,unlike the drilling campaign.

    The truth is,almost everyone's trapped here ( myself included) at higher prices and we're unwilling to sell this at a loss in an oil bull market - so we all continue to hold in the vain hope that this perinial poor performer one day has a run north of 1 or 2 cents.
    Anything more than that is totally delusional.
 
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49.5¢
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Mkt cap ! $45.74M
Open High Low Value Volume
48.5¢ 49.5¢ 48.5¢ $100.7K 203.5K

Buyers (Bids)

No. Vol. Price($)
1 89898 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.0¢ 2239 1
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Last trade - 15.47pm 29/07/2024 (20 minute delay) ?
FAR (ASX) Chart
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