Morning All
Orson Wells' Touch of Evil famously included the longest pan shot ever made. I know how he felt. Will this interminable wait ever end?
Like all Wells films, though, our 'torture noir' has a fascinating plot that seems to be nearing resolution. The clues are mounting.
No surprise that the latest emanates from our old mate Malcy, who has weighed in with yet another cryptic Tweet to the effect that the PE saga is complex - der - and is being resolved as best as it can be. An earlier Tweet spoke about FAR shareholders' best interests being okay. Putting the two together suggests a beneficial compromise rather than total victory - or indeed, total loss. So few characters; so much nuance.
Cath's recent interview with the deliciously misnamed Ian Howonearth (Howarth) I think points to the same conclusion. I just re watched it. She speaks of the SNE development in terms that suggest she expects FAR to be part of the show. That could be a ruse, but I don't think so.
Right at the end she moves beyond SNE and the JV's drill plans to talk about matters "outside the Ruffisque/Sangomar JV". She chose those words carefully, specifically limiting the JV to those blocks. She then speaks of FAR's strategy becoming focussed on further exploration of the NW corner of Africa "in and around Senegal". She postulates that the 500m oil column at FAN-1 promises further oil traps up dip and within the fan system. "We are looking forward to bringing some good new ideas and good new projects on to the portfolio in coming months."
Does this sound like a company expecting a quick end game?
A further clue. The Government has been busily rewriting oil law and amassing a portfolio of new blocks. It sounds to me as if FAR expects to win a chunk of those and is confident of finding the funding to go and explore them.
All this and still no capital raise. No wonder the shorters are shitting themselves.
I have not the foggiest idea how this entanglement is straightened out, but it's sounding to me as if FAR will be a funded part of the final solution. I also expect Woodside to still be there - even FAR says it has no quarrel with them.
Finally, I just want to comment on the future for those who have thus far played FAR like a fiddle. Orson's character also asked Marlene Dietrich to read his future. Her reply? "Hank, I think your future's all used up."
OOO
- Forums
- ASX - By Stock
- Malcy - Writing it now
Morning All Orson Wells' Touch of Evil famously included the...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 50.0¢ | $51.68K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 187769 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 0.505 |
1 | 62764 | 0.500 |
3 | 169438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 187769 | 3 |
0.515 | 103300 | 2 |
0.520 | 335196 | 3 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online