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Brightoil, Great post, Spot on analysis

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Northwestsoutheast

118 Posts.

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24/06/17

15:37

Post #: 25470411
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Originally posted by Brightoil ↑

Cath and Co are smarter than we layman.
She figured out that she needed $100 million to survive the coming brutal winter that PE arbitration will bring.
But she couldn't tell everyone she was going to arbitration yet because no investor will invest a cent if they knew this.
So cleverly she kept on drilling ...like Forrest Gump kept on running.
Then on the back of good drilling results she raised at 8c, I thought sheet....not again and at a low price ..but now I realise why she did the raising.... it is a master stroke really.

With 110million in the bank, she has now well and truely buffered FAR from going bankrupt, bullied by the other parties with request for cash to perform ad hoc drilling, from not being able to raise funds after PE arbitration started. A master stroke really, I bow to you Cath and I was wrong to blame you.

One year later guys, which really for us long timers means nothing we can wait. Day traders though will need to offload cos they won't be able to wait.

The drop in stock is only temporary and from either day traders getting out because they can't stand the wait, year end tax selling, oil price drop and important from our shorter. FAR has a history of big rebounds but you will have to be lucky to pick it.

I reaffirm that we have a solid leader in Cath and Co who knows how to play this game well. For Peter C to be infuriated by FAR's move proves one thing....he can no longer ignore FAR and shows his weakness as a leader. In the past, he wasn't even talking to FAR or acknowledged our company. By his anxiety, he has just revealed his cards to CN. He's been flushed out, he's afraid to lose.

Had WPL been able to just walk over FAR and take over development lead, then I would have bailed big time. The fact that FAR with a minor stake can block WPL as development lead shows that CN has power. The fact that Coleman has suddenly acknowledged that FAR exist shows that he knows that WPL could lose Senegal. It shows we could also WIN otherwise he would have just ignored us.

Now Senegal, if you read WPL's investment strategy,is a core investment that he arrogantly thought he had in the bag. But he will not do anything until just before the case is decided he will swoop in an offer 1 billion dollars. I know he has put a good size team on Senegal and hired Negotiators, cos I am a Perth man and I know. He is not going to run away from this multi billion dollar steal of the century though, it's called greed.

So sell if you must holders (many will have financial commitments), but understand that the drop in share price is manipulated down and not a reflection of the worth of FAR. DONT give away your shares CHEAPLY.
Me I stubbornly hold for a better tomorrow.

DYOR

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Brightoil,

Great post,
Spot on analysis

FAR Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
52.0¢	53.0¢	51.5¢	$71.11K	137.4K

Buyers (Bids)

No.	Vol.	Price($)
2	37440	51.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	22471	1

View Market Depth

No.	Vol.	Price($)
1	17440	0.515
2	35000	0.510
2	45521	0.505
2	33878	0.500
1	30000	0.495

Price($)	Vol.	No.
0.540	22471	1
0.550	82295	3
0.600	25953	2
0.610	2000	1
0.000	0	0

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Brightoil, Great post, Spot on analysis

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

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Brightoil, Great post, Spot on analysis

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