FAR 0.00% 49.5¢ far limited

It shouldn't go unnoticed that FAR has a market Cap of in excess...

  1. 268 Posts.
    lightbulb Created with Sketch. 15
    It shouldn't go unnoticed that FAR has a market Cap of in excess of 250 Million Dollars. Yes there is a lot of potential in the company but they are exploring for a commodity that has been smashed by over 70% the last couple years. FAR may have a 15% interest in an Ocean of Oil, but based on current and past performance of Oil prices it is quite understandable that the share price is stagnant.

    I am not down ramping here, I purchased more shares Tuesday.

    It comes down to whether you believe there is going to be a bounce in oil prices, how long it will take to occur and how big that bounce will be. Everyone has a different view on this. I believe, and I see in the market, that most are taking a very pessimistic stance, hence the flat lining of the share price regardless of announcements.

    This brings me back to the Market Cap. Over $250 Million dollars for a 15% Interest in Senegal. Personally I think the value of the company is holding up very well given the circumstances.
 
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Last
49.5¢
Change
0.000(0.00%)
Mkt cap ! $45.74M
Open High Low Value Volume
50.0¢ 50.5¢ 49.5¢ $16.90K 34.12K

Buyers (Bids)

No. Vol. Price($)
2 17623 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 129688 3
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Last trade - 15.43pm 17/07/2024 (20 minute delay) ?
FAR (ASX) Chart
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