plugged: Many thanks for a really EXCELLENT post by you, showing how smartly FAR has assembled great grounds at very low costs indeed!
Why the slow and moderate reaction to this news, i.e. the so far relatively modest rise in sp?
Firstly, the long wait has probably led to some shareholder "fatigue" as alluded to in an earlier post yesterday by gottalovevmt.
Secondly, of course it is now known that a CR will take place (NOT that I am worried about that $6.0 mio. amount at all - is really cheap to get into this drill!). But - perhaps - people wanting to get on board might want to see at what price level the CR will be done? (sp normally tends to go towards the pricing of a CR).
What is the longterm FAR holders views about the CR upcoming:
a) I suspect it will be to "sophisticated" investors only, i.e. us long-holding Far shareholders will not be allowed to participate?
b) At what price level this CR (IF FAR's sp is not going up a bit more, we might see the CR at a relatively low level)??
Comments most welcome.
wasa
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