FAR 1.02% 49.5¢ far limited

I doubt the TOR will any effect other than a possible short term...

  1. 13,427 Posts.
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    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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