Oil price news, page-6

First 6 Last

Share
Profile

Follow
bollinger

1,450 Posts.

238

20/09/18

10:07

Post #: 35718689
Share

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.

Expand

100% agree. The SOI is a drag and so is the low share price. Consolidate and take on the semblance of the emerging oil stock you will surely be.

FAR Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

TLX

Telix sinks as US regulator SEC issues subpoena over claims

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

TMG

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Iron awe keeps the XJO tracking along

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 41.0¢		Change 0.010(2.50%)		Mkt cap ! $37.88M

Open	High	Low	Value	Volume
40.0¢	41.0¢	39.0¢	$12.98K	32.15K

Buyers (Bids)

No.	Vol.	Price($)
1	18800	40.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	20059	1

View Market Depth

No.	Vol.	Price($)
1	18800	0.400
1	2008	0.395
1	49619	0.390
2	50100	0.380
2	192795	0.370

Price($)	Vol.	No.
0.410	20059	1
0.420	20000	1
0.430	2000	1
0.440	28831	1
0.460	100000	1

Last trade - 13.29pm 23/07/2025 (20 minute delay)

FAR (ASX) Chart

Oil price news, page-6

Telix sinks as US regulator SEC issues subpoena over claims

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Iron awe keeps the XJO tracking along

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Oil price news, page-6

Top Stories

Telix sinks as US regulator SEC issues subpoena over claims

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Iron awe keeps the XJO tracking along

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News