And in this low poo environment, how is FAR going to raise the...

First 12 Last

Share
Profile

Follow
hereandnow

362 Posts.

20/01/15

10:36

Post #: 14608759
Share

Originally posted by JujuM ↑

This is scary, I have never started a thread before, but here goes.
I can't help imagining what would have happened if FAR hadn't won the farm in in Senigal when it did.
Imagine.... trying to farm in Senigal today with the POO where it is. We were lucky on that one.
And if it hadn't happened by now, it might have been unlikely to happen for a long time, maybe another ten or twenty years from now.
Then I think how lucky we were with the CR ( maybe that was a stroke of genius too) but imagine trying to do a CR today , even at 6 cents it would be hard, let alone 11!
Then think how lucky we are now that the POO has stalled many projects so that we can pick up our appraisal program for prehaps a 20 % discount..
Just imagine if we were not lucky enough to even strike oil in Senegal, what would the SP be today in this market....2.5cents me thinks. Maybe less.
Boys and girls we have been lucky, especially those of us who got in under 5 cents.
Now the tide has turned...we have oil, we are about to appraise it..... Things are no longer in the hands of Lady Luck, we are now in the realm of good fiscal management, experience and good project management. And we have a JV partnership that is well skilled and has the smarts to play this right!
I reckon we did get a bit lucky with our timing back there but I also reckon you make your luck too and CN and the team have been amazing. We are lucky to have them...
You need a bit of luck in life, but we have had that now, and we have moved into a whole different ball game now. It is not like putting it all on black anymore, as someone might have suggested. It's more like spinning the ball in a wheel full of red numbers and doubling up on red.
Sorry for the exuberance but its great when you see your favourite stock go up 5 cents in the face of strong head winds.
It's at times like this when little companies can capitalise on a falling market through its agility and low opporating costs. I think the FAR story has been amazing so far, but I also think we haven seen anything like whats to come yet.
All IMHO of course.
AND GIDDY UP FAR.

Expand

And in this low poo environment, how is FAR going to raise the money needed to pay for its share of the appraisal campaign?

FAR Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RSG

Resolute Mining sinks -30% as CEO detained by Mali's Junta government in Bamako

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 4 more messages in this thread...

First 12 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.0¢		Change 0.000(0.00%)		Mkt cap ! $46.20M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	107493	50.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	59382	3

View Market Depth

No.	Vol.	Price($)
2	107493	0.500
2	32029	0.495
1	38794	0.475
1	42553	0.470
1	3000	0.465

Price($)	Vol.	No.
0.510	59382	3
0.515	23257	2
0.520	338616	8
0.540	451	1
0.550	2285	1

Last trade - 11.01am 11/11/2024 (20 minute delay)

FAR (ASX) Chart

Day chart unavailable

And in this low poo environment, how is FAR going to raise the...

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Resolute Mining sinks -30% as CEO detained by Mali's Junta government in Bamako

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

And in this low poo environment, how is FAR going to raise the...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Resolute Mining sinks -30% as CEO detained by Mali's Junta government in Bamako

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News