i agree with your sentiment that progress will add value.......to the mc not necessarily the sp. We all know far is has progressed immensely. We also know far has increase in value as a company. However in terms of sp far has actually decreased post discovery - no one can deny this. Why? Dilution. This is the domain of management to plan in advance and raise appropriately. Frequent raising indicates on the surface that management is shifting with tides. Once the market gets a hold of this it becomes a disease. The concept that there could be another cr is ridiculous. The can has been rattled twice in the last 12 months. Who would want to make 3? Further if resources are not matching in increase - most expected 800 2c some a billion. We end up with 14 percent. Not bad but considering the dilution to achieve this it doesnt. Put it simply one dilutes to get immense apprecuation in tbe project. Otherwise we start disappointing and head back. The PE is management's turn to atone for some past firesale of the shares via options or crs. Ha e a read of each announcement relating to cr and the narrative subtly changes. A minimum that far needs to acieve is to declare its plans regarding pe. It will give market confidence. Silence imo is not an option as the questions are can far afford a prolonged legal issue, when it comes to the crunch who would senegal want - far or wpl?
FAR Price at posting:
7.3¢ Sentiment: None Disclosure: Held
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