horrible reporting -- completely skewing the released information
and gives no confidence that they have "inside news"
The $8m equity was already raised by issuing 200m new shares as was released in the asx announcement
Will there be a farm in and our stake reduced? potentially -- but it would have to be an attractive deal for FAR - such as free carried drilling etc.... and with the news released by PCL/BG yesterday the value of our interests have just shot up substantially as we now KNOW there is working oil systems in the vicinity
Lets get the Senegal drill going again (hopefully this weekend or early next week) and get some results there too!
Then say goodbye to these bargain basement prices for a company with ~$33m CASH and very large tenancies in KENYA as well as 2 current drills in Senegal
horrible reporting -- completely skewing the released...
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Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 51.0¢ | 50000 | 2 |
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