The way I have always seen this next step is that we are waiting for the Contingent Resource to be announced because when it is it opens up the prospect of Insto investment for FAR which in turn will create more action and stability for our SP.
It’s as simple as that isn’t it?
I think the Contingent Resource announcement is more important to us FAR investors than it is to the JV Partnership who already know that they are moving ahead with appraisal drilling.
I doubt the Contingent Resource announcement will do much for CNE’s or COP’s SP as they already have insto investors. However for FAR it is more significant for attracting new BIGGER investors.
In other words we can safely assume that the appraisal wells are planned and budgets locked in, the Contingent Resource announcement is simply the rubber stamp needed to attract Insto investors to FAR.
I think you can then work out what impact it will have on the SP..
IMHO off course.
Giddy up FAR
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