That is my thinking as well Bullant.
There is very little risk for a major to buy FAR at these prices.
The whole oil game is one giant gamble and FAR is at best a half gamble for peanuts.
Who saw Japan Post swooping on Toll for $6.8 billion?
No one sees these things coming.
If you have a great asset, chances are someone will want it.
Especially a strategic sized asset with tonnes of oil and a ridiculously small market cap.
These guys punt all the time and talk in telephone numbers when they do deals.
When something happens it will happen fast and catch everyone by surprise.
It is only a matter of when.
And price of course.
That is my thinking as well Bullant. There is very little risk...
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Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 50.0¢ | $51.68K | 102.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75177 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 187769 | 3 |
View Market Depth
| Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |