Hi elephantsong, I'm not sure how long you've been invested in...

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Myfok

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187

07/11/21

22:57

Post #: 57383336
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Originally posted by elephantsong ↑

I was looking at the UK investors and what they are saying about FAR as Malcy has had his eye on FAR and HAS MENTIONED IT in the past in his blog.
They love a good oil stock over there.

FAR (Australian listed on ASX) appears to be flying totally under the radar over there at present..
Massive upside with the upcoming drill !!!!

Virtually no coverage and talk in the UK about FAR:ASX???
I expected a lot of comment regarding the upcoming drill of a 1.1 billion barrel prospect from a small oil company.
But I found very little discussion of it?

I think there is lots of confusion or financial sabotage.

The code for FAR in the UK is taken by another company on the LSE .....Ferro Alloy Resources.
...and unknown to me til now, FAR changed their name about 10 years ago.
A lot of financial sites over there still use the old name of FAR. So the data reported is old and is based on the old name and is not uptodate on investor websites
ie. ADVFN in the UK.
Could the rise in geolocation in the current web browsers be part of the cause to blocking this information to investors in other countries
when they search for current international stock news?
Notably, ADVFN UK does not mirror ADVFN Australia for exactly the same stock!

Havn't they worked out the internet connects us all now?

The exception is Proactive Investors UK who interviewed the Director, CN pre-spud.

But, it looks like UK investors cannot find FAR or goto another company with similar code when searching?
If they find FAR (ASX), the data is old data that misrepresents the true financial picture.
ie. ADVFN in the UK has FAR with a market cap of $4.5 Billion dollars!!!! ...under the old name.
Of course, that figure should be $90 million which would show a different investment opportunity!

So information on FAR overseas has been stifled on major popular finance websites.

So
FAR has approximately $90 million in the bank.
FAR has a market cap of $84 million.
About to drill a 1.1 billion barrels of oil prospect with a 3 stacked targets.
Oil price is at $80+ /bbl.
They own 50% Working Interest.
It is analogous with Sangomar discovery and directly adjacent to it.

The market is sleeping and it looks undervalued now
IMO...This could easily goto $5-20 before Christmas with a good result?

This could fly.

GLA

.

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Hi elephantsong,
I'm not sure how long you've been invested in FAR. Couldn't be long.... You are aware of their extraordinary spend (investors money) over past years?... I think not.
UK has no misconception about FAR. The UK has a bit more savvy about the MO of this company than the locals down under.
You might serve yourself well by researching the company's history and then you'll realise there is no such thing as flying under the radar.
Previous billion barrel drill ( samo), touted to have a 70% COS!!! turned out to be water. This is now the next billion dollar barrel prospect to be drilled in Gambia. Blah blah blah... Heard it all before... once bitten, twice shy..the UK investors know exactly what they are dealing with this time around.
Good luck with your investment.

Last edited by Myfok: 07/11/21

FAR Price at posting: 84.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 43.5¢		Change -0.005(1.14%)		Mkt cap ! $40.19M

Open	High	Low	Value	Volume
44.0¢	44.0¢	43.5¢	$16.57K	38K

Buyers (Bids)

No.	Vol.	Price($)
2	173730	43.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.0¢	80574	3

View Market Depth

No.	Vol.	Price($)
2	173730	0.435
1	182608	0.430
1	50000	0.425
2	79261	0.420
2	58724	0.415

Price($)	Vol.	No.
0.440	80574	3
0.445	25000	2
0.450	85387	5
0.460	1260	1
0.475	25383	1

Last trade - 10.03am 02/05/2024 (20 minute delay)


Last 43.5¢		Change -0.005 ( 1.14 %)
Open	High	Low	Volume
43.5¢	44.0¢	43.5¢	55600
Last updated 12.23pm 02/05/2024 ?

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