Contrarian says;
1. 1 yr lease
2. JV terms unknown partner unknown
3. all the seismics in the world can't beat an actual drill
4. unknown global impact of UAE on oil prices
5. ASX due a correction from March bull run
6. Could go as low as pre-ann if UAE bring down a big player like HSBC or low 5's if a 'medium' global impact (sorry I can't quantify 'medium')
7. Accumulate at these levels if you have the faith - to me FAR have to sink a hole in less than 12 months and the stratigraphy and tectonics look solid but risks abound = FARites use strategies like averaging in and out
8. Know you risk profile
= FAR is a hold at best IMO
Predict that if UAE causes any snowball ripple effect on global markets a flight to gold bullion will continue pushing prices up and making our gold producers SP rise.
Hopefully not too much damage in Europe overnight as US on holiday.
Contrarian says;1. 1 yr lease2. JV terms unknown partner...
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Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26546 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16813 | 1 |
View Market Depth
| Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |