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garrycleaner

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20/09/18

09:06

Post #: 35716304
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Originally posted by cujo ↑

Not sure why posters get so touchy when discussing the SP.
It seems its fine to discuss the SP going to 30 cents plus on a discovery of any sort but a mere mention of a 17 cent figure is taboo.
The facts are with 5.6b SOI this will put a ceiling on any rise.
Companies with that many SOI just do not appreciate as much as a company with a lesser amount of SOI.

Why FAR have not consolidated yet is a mystery.
They have a good 2C resource so a consolidation wont change that.
A 10 for 1 would give them 560m shares and an SP of $1.15.
Plenty room to manoeuvre on any future CAP raise with minimal dilution.
The MC will still be the same in fact everything will be the same and it will move the company away from anymore massive dilution.

Some posters seem concerned that companies fall post consolidation but the only ones who fall are non performers.
If the company has solid foundations it wont fall it will actually rise on good news like BSL or LYC.
Companies like VMT who consolidated are exceptions to the rule due to non performance.
The market will make the adjustments post consolidation on performance.

The other plus would be that the short position would reduce to a tenth of what it is now in regards to the number of shares shorted which might make it harder to manipulate on low volume days.

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FAR Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 47.0¢		Change -0.015(3.09%)		Mkt cap ! $43.43M

Open	High	Low	Value	Volume
47.0¢	47.5¢	47.0¢	$9.995K	21.23K

Buyers (Bids)

No.	Vol.	Price($)
3	82233	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	71033	0.470
1	50000	0.465
1	50000	0.460
1	1822	0.450
1	3000	0.445

Price($)	Vol.	No.
0.480	50000	1
0.485	50000	1
0.490	54000	2
0.510	100895	2
0.520	225286	3

Last trade - 15.00pm 27/09/2024 (20 minute delay)

FAR (ASX) Chart

Probably the most sensible thing you’ve ever posted Cudo thumbs...

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Probably the most sensible thing you’ve ever posted Cudo thumbs...

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