FAR 2.97% 52.0¢ far limited

Hardman and Far

  1. 6,066 Posts.
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    Most here have seen this chart before.
    Any of the medium to long termers anyway.
    I have been trying to figure out is there any reflection between the Chinguetti discovery and SNE
    by comparing share price histories. I was surprised to find that there seems to be.
    I have rounded up the sequence of events to correspond to the SP appreciation.
    Added in some of my own estimations as to the timelines I expect going forward.

    Chinguetti SNE

    Discovered: May 2001 Nov 2014   Spike in SP similar to FAR as shown
    Appraisals:   2002/2003   2015/2016   2 yrs after discovery SP is almost same as B4 discovery
    Development(DOC): Early 2004    Early 2017   SP gradual rise pre DOC from 40c-60c then spiked on DOC
    Phase 1 Dev fin: End 2005   2018/Early 19
    First oil: Feb 2006    2019




    The timelines are stacking up very similar as can be seen.
    The Hardman SP quadrupled the 6 months following DOC.
    I dont know how they financed the costs for the development, maybe someone can fill that gap in
    as that will also have a major bearing on the SP?
    Even though the SP is frustrating at the moment it has taken a similar path to that of HDR.
    Anybody who can find anything else of interest or knows how things unfolded with financing
    would be interested to hear.

    Shit layout oh well
    Last edited by El Jefe: 07/05/16
 
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