I doubt the TOR will any effect other than a possible short term reaction, it doesn't change the outcome one bit and thats likely months away anyway....I just see the current spike as just a long overdue re-rate based on the oil price , upcoming field report, upcoming reserves and upcoming drilling.
The shareprice has found another level, hopefully the 10c area will become support going forward untill a new level is reached...
If I was trying to put what I considered a fair market value on FAR, based on what we know and the stage we are at, then it would be $700 M or 13c ...obviously there are two values , a market value and a TO or asset sale value, the latter would be much higher...but untill that materialises, we are stuck with what the market thinks it can get away with and its got away with a lot IMO...which is good as its enabled me to top up...
Cheers Whisky
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I doubt the TOR will any effect other than a possible short term...
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19637 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.485 |
3 | 83930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 10000 | 1 |
0.510 | 69689 | 1 |
0.515 | 2239 | 1 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
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FAR (ASX) Chart |