Something to think about,what will I price be in the future and what could happen on a take over,any other thoughts
The biggest investment I ever had before UMC was in Hardman Resources (HDR) HDR was an oiler but there are similarities between it and UMC. I bought into HDR at 20 cents or so because it had prospective ground. It drilled and found a substantial resource, Chinguetti, (UMC equivalent Railway) the share price then shot up to over $1 before settling to 50 cents. Similar to UMC. Further drilling then greatly expanded the resource and the price rose to $2.50 before settling to $1,20 to $1.50. Again similar to UMC.
Here is where the similarities really start; all the chatter was about how do we get the oil out of the ground and to market? How do we manage the capex and the opex. Perhaps a joint venture with Woodside, perhaps we will be taken over. Woodside or BHP? Maybe Shell. Everybody was saying that the starting point for a takeover price had to be the $2.50 which we had already reached in the past. (UMC would be the $2.80 starting point) On HC we were adding up how many shares we had between us and how as a bloc we could influence the result.
When the takeover came however , it came out of the blue from an English mob called Tullow who none of us had ever heard of. They bid $2.00 and got it. A lot of us felt cheated but there you have it. We never went back to the heights.
I have a real sense of deja-vu with the recent UMC threads.
Pagarsi
- Forums
- ASX - By Stock
- FAR
- food for thought-stolen from another thread
food for thought-stolen from another thread
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $42.04M |
Open | High | Low | Value | Volume |
46.5¢ | 46.5¢ | 45.5¢ | $160.1K | 347.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 86870 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 121519 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 86870 | 0.455 |
6 | 298578 | 0.450 |
1 | 30000 | 0.445 |
3 | 105000 | 0.440 |
2 | 90000 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 121519 | 4 |
0.475 | 6667 | 1 |
0.480 | 1300 | 1 |
0.500 | 3792 | 2 |
0.600 | 3176 | 2 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online