FAR 2.02% 48.5¢ far limited

good day to buy

  1. 19,875 Posts.
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    good day to buy imo while there's a bit of weakness about.

    thing i have liked about far is that it's staying above that .08 mark and has done consistently since the recent spurt. the buyers when they step up do so at the ask and they are getting less patient.

    this will run ahead of the news. there's no way goose or anyone else has any idea what is going on otherwise this would now be .25 -- price i think it will reach upon initial news of shell agreeing to buy in and drill.

    this is a pure risk reward play, with a 50% loss if shell bail but potential 250%+ if they stick.

    it's going to run sooner rather than later simply because its like a pre-spud situation. at some stage speculators wil take the risk that shell will buy in.

    buy and sell half your holding into the rise is a good way to play it imo. and anything under .10 is a bargain in my opinion .... but then im often wrong so dyor.
 
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49.0¢ 10897 2
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