Hi Funfisher, Re "I am a FAR holder as well as a CVN holder. I...

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kkw

7,284 Posts.

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22/08/18

07:39

Post #: 35080559
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Originally posted by funfisher ↑

Hi folks,

I am a FAR holder as well as a CVN holder.

I hold about three time as many FAR shares as CVN but with substantial amounts in each .
Have held CVN for over 10 years, FAR before the first discovery. That is about 16 drill successes consecutively in the last four years. An incredible run and until recently have had very limited return on those investments. Then wow, things go crazy with CVN and it feels like euphoria, the patience has finally paid off and then bang you are cut back down again when I swore I would be out before that happened but still with a very nice paper gain. I am confident that CVN will get back to its recent highs and above.

I guess what I want to say is FAR will have its day, I have no doubt. As I have said with CVN, every dog has its day and CVN is living that at the moment, it's been a dog for so long but now it has one of the biggest discoveries ever on the NW Shelf, amazing. But what FAR has dwarfs that and Samo is something else if it comes in. And why wouldn't it come in, its a few km's away from SNE for gods sake. They have drilled 11 holes into this immediate area, they have a very good understanding of what they expect to find. I can't wait for the announcement that Petronas have joined the JV, that means the drill is happening and its immanent. 21 cents is just the beginning kkw for this baby if Samo comes in anywhere near expectations and we should know the result of that before the end of November, that's only about 90 days away.

Good luck holders.

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Hi Funfisher,

Re "I am a FAR holder as well as a CVN holder.
I hold about three time as many FAR shares as CVN but with substantial amounts in each . "

Quite a lot of FAR holders I suspect are in the same boat, including me.
I am of the opinion that CVN will probably not go much beyond 60 -80c in the short term. Euroz says in the 90's but FAR is also rated as in the 20's by a lot of analysts as well, admittedly, the cappers are entrenched in FAR right ATM.

Having said that, I think it's due for a run SAMO pre drill, Oct if you can believe that it's still on schedule. Should CVN recover a bit more towards the 60's, I think I'll swap over to FAR, hopefully the price is still in the 12's. SAMO I believe will be the huge leverage.

Cheers

KKW

FAR Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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