One of the great problems we have is that FAR never participated...

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Tony999

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30/05/17

13:36

Post #: 24991248
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Originally posted by kbrown4515 ↑

After reading all the dialog for a few years and having accumulated A substantial shareholding, for me anyway, I've come to the conclusion I just want out at break even. The FAR story is compelling and success should be guaranteed after 9 successful drills.

However, the reality is the shares are 7.c and management have failed to materialise profits for shareholders.
You can debate this as much as you like, but you can't sell your share for 50c, $1 or $7 according to people who are fare more knowledgable than me.

You can also debate PE and management strategies around this but the facts are, based on what actually happened, shares are 7.9c. A lot of hypotheticals around PE within 30 days (with a backer) or aggressive legal action etc, and I would now take them any day given what we currently have. Drilling succes is unquestionable, but PE was a huge opportunity, within valid legal contractual rights, to gain another 35% of a resource at oil price lows when we had information on how good SNE rally was. I'll take any other option over be quiet and trust Senegal govt to do the right thing. In retrospect and with current failure for the share price it was a bad strategy by management.

Time to move on, even with the optimistic outlook. I don't conspire to the rigged markets theories, capper, shorter etc etc. this is simply a mgmt failure to execute the best strategy for shareholders and continuing failure to reap rewards I see some others writing about.

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One of the great problems we have is that FAR never participated in the oil price rally or the so called Trump rally.
The markets have had a stellar run for nearly 7 months and the rally now looks very long in the tooth.
If we have a broad sell off or correction you get the feeling we will be sold off as well.

Lots of risk and no reward at all.

articles like these don't help one to remain positive.

http://www.brisbanetimes.com.au/bus...iting-looming-correction-20170529-gwfgua.html

FAR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 51.0¢		Change 0.025(5.15%)		Mkt cap ! $44.81M

Open	High	Low	Value	Volume
49.0¢	51.0¢	49.0¢	$40.32K	80.15K

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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1	5000	0.495
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3	88740	0.485
1	5000	0.480

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0.520	326386	5
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One of the great problems we have is that FAR never participated...

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One of the great problems we have is that FAR never participated...

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