Thinking out load what is the likelihood of FAR being taken out over the next 5 months as each of the following milestones are achieved ?
The longer this goes on over the next five months the more the likelihood of a TO.
- Now - (20% chance low ball offer hence the capper)
- PE parked in arbitration (25% chance low ball offer likely)
- Successful first well - (30% chance low ball offer likely)
- Successful 2nd well connectivity confirmed reserves upgraded - (50% chance reasonable offer)
- Official DOC declared development plan costed - (60% chance of a good offer)
- PE resolution in FAR's favour - (90% Huge chance of a high offer unless they have a backer !!!! )
Following this logic if FAR haven't got a backer there is a better chance of an immediate high return for all shareholders.
Food for thought !
AIMO
Thinking out load what is the likelihood of FAR being taken out...
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5356 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
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| Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |