Hi Squire
When you look at FAR in isolation, there is a lot to worry about. In particular comparing it with past performances of other oilers.
However just look at CVN. Runs close to 30 cps almost over night. Now trading similar to FAR. Look at PCL. Mentioned internationally as an excellent prospect, drove from 20 cps to 30 cps only to trade currently a 0.3 cps and it is not sure they will survive. None of these companies were bad or had bad prospects.
Look at large companies, BHP, Rio, Santos, Banks only to realize how well FAR is doing. We are not producing oil and have a few years to go. I could not imagine anybody in the know seriously suggesting that the POO is here to stay. I would say, that currently 60 to 70% of all oil produced is loosing money. You don' have to be an economist to work this one out and its consequences.
So we have to wait a bit. Unless one needs money for another investment, I think to sell FAR and reinvest again in the share market would be just like chasing your tail.
Having waited 5 years sofar, I am quite prepared to stay the distance. I fully understand the current situation, understand what we do and am utterly convinced the the pendulum will swing.
What will FAR be worth? Who knows, but certainly more than now.
GLTA FARITES
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $29.79K | 59.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31051 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 96355 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31051 | 0.500 |
2 | 38702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 210000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 96355 | 3 |
0.510 | 201000 | 3 |
0.515 | 123300 | 3 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 13.22pm 26/08/2024 (20 minute delay) ? |
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