"So FAR management have increased the value of the company but...

"So FAR management have increased the value of the company but not sdhareholder wealth. I know we are in the phase of company growth where this is often the case but the longer it goes the less convincing it becomes that we will indeedbe rewarded for both our risk and our patience!!"

Hi H that isn't supported by fact, if you look at our share price 2 years ago before we lucked out with SNE and look at today it has more than doubled which is a very good return by any standard ( except by some of the totally over the top expectations found on HC... ) and thats despite the dilution. When we purchase our shares at whatever price it is not the Companies problem its ours.
Year on year FAR has delivered since farming out Senegal and you can't expect much more given the turmoil in the industry..

Now one could argue dilution has eaten into future gains which of course is a fact but without dilution there couldnt be future gains . We would likely be in administration by now if not already in the knackers yard without those discoveries and the subsequent dilution required to prove them up...the difference between still being in the game and broke is considerable.

Diluting to prop up an ailing Company is one thing but to dilute with the intention to
add value that will reflect in the share price at some time in the future is another .

Debating if the CR could have been done differently is futile as we are not in possession of all the facts but one thing is certain if we want to get the maximum
value you have to spend and the maximum value is likely years down the track, that has always been the case and a cursory glance at the JV timetables tells you that

If you are after instant wealth FAR is not the Company but if your looking for above
average returns over many years then it offers that as a very likely possibility but not
A guarantee.


Cheers Whisky