A bird in the hand is worth two in the bush...

First 6 Last

Share
Profile

Follow
mojohand

6,323 Posts.

274

01/10/15

13:44

Post #: 16097682
Share

Originally posted by Danmeech ↑

The more I consider recent events, the more I can't help but think FAR may have even bigger prospects than I thought. From memory Cath said we want to remain an explorer, but I can't help but think we're in a prime position to move to producer in future if the stars align.

Consider where we are at the moment. We've got our existing block, with oil signs, in the process of being proven up and in the meantime we've taken on an adjacent block which could be on the receiving end of what we're already analysing.

So FAR continues to prove up what they already have and in the meantime starts to determine what is there in the new Djiffere block. If we're lucky, before our 15% stake becomes marketable, we could find out that we have a significant resource in the new block, in which case, FAR could sell off it's 15% stake for a hefty sum, then have enough available cash to maintain it's large stake in the new block to go to development themselves. There would be plenty who want to take on the 15% we have so if the results are good, becoming a producer through our new block might be a viable option. This of course assumes we can get a strong understanding of Djiffere before the vultures begin to circle.

It all could line up perfectly.

Does this seem like a viable option or am I missing something?

Expand

A bird in the hand is worth two in the bush...

FAR Price at posting: 7.9¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

LRL

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

VMM

Virdis Mining flags breakthrough with 76% neodymium and praseodymium recoveries

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

There are more pages in this discussion • 3 more messages in this thread...

First 6 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 49.5¢		Change 0.000(0.00%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
50.0¢	50.5¢	49.5¢	$16.84K	34.00K

Buyers (Bids)

No.	Vol.	Price($)
2	17746	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	13973	4

View Market Depth

No.	Vol.	Price($)
2	17753	0.495
1	30000	0.490
2	32000	0.485
3	83930	0.480
2	70000	0.475

Price($)	Vol.	No.
0.505	13973	4
0.510	129688	3
0.515	2239	1
0.520	30000	1
0.525	30000	1

Last trade - 14.08pm 17/07/2024 (20 minute delay)

FAR (ASX) Chart

A bird in the hand is worth two in the bush...

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Virdis Mining flags breakthrough with 76% neodymium and praseodymium recoveries

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

A bird in the hand is worth two in the bush...

Top Stories

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Virdis Mining flags breakthrough with 76% neodymium and praseodymium recoveries

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News