I have to add here that there is one senario that does have some appeal and that is sell out with an ORI and perhaps some cash. That would take us to production and income with no other costs or driiling risks and leave us with our current cash to persue our other projects while awaiting income in 4-5 years.
I'm not sure how the shareprice would react to something like that and would depend on the terms but the biggest risk going forward for FAR is the drilling as we have seen with the overuns on FAN and there would be many wells to be drilled, if that could be eliminated and be carried straight to production risk free would be a valuable asset in itself.
Cheers Whisky
FARst train, page-5
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21776 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |