My three main reasons for a company needing to pump up & promote the company and its prospects at all times are:
1) a takeover could come at any stage - a 40% premium on 15c is better than a 40% premium on 11.5c
2) shareholders are sometimes forced sellers - Wannabe had to sell out due to financial reasons at sub 9 or 10c from memory, KKW had to sell due to SMSF drawdown commitments, I am sure both would have rathered a higher price.
Over two years ago we were told that the shareprice would look after itself - since then the price has risen modestly despite a strong oil price rally, AUD decline, Samo/Petrosen coming along and SNE getting two years closer to production.
3) a capital raise could come at any time - an opportunity too good to miss could come at any stage that may require a capital raise to execute. I would rather the capital raise be at 14c rather than 10cents if it were to happen tomorrow.
I know you have a longer timeframe in mind for your investment in FAR, but say you had to sell tomorrow, would you rather sell at 15 cents in a pre drill company induced pump (ala PCL) or 11.5 cents? We are all here to make money and most of us will try to sell near or at a peak which will likely be caused partially by a company promoting itself and its finds.
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5356 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 59999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30878 | 0.500 |
1 | 30000 | 0.495 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 69690 | 1 |
0.530 | 30000 | 1 |
0.535 | 30000 | 1 |
0.540 | 52471 | 2 |
0.550 | 82295 | 3 |
Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
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