I'll have a crack at explaining why I think the SP has dropped.
I don't think the SP evolves around just the price of oil - but the oil price crashing does give us a bad stigma
if anything low oil price would probably help us right now to lower our costs?- if FAR exchanged AUD for USD before the AUD hit the 70,s or hopefully early 80's this would be the perfect storm.
FAR is still very much a spec stock, until FAR announce they have a commercial find it will stay a spec stock
even with all the research all of us here have done and the confidence we have in our investment reality is the word commercial has not been said yet and the word oil scares people right now
Investment confidence is down - speculation on having something great is not enough to move it upwards in this climate - it's why the SP move downwards on no news at all
I saw someone say they think FAR will go back down to the 7s again - who knows it might it might not
really doesn't matter all that much to me
All I know is I'm confident I will receive value for my investment over the next 12-18 months
All IMO
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.0¢ | $1.708K | 3.383K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 40871 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 853 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 40871 | 0.500 |
1 | 30000 | 0.495 |
1 | 1995 | 0.485 |
3 | 30930 | 0.480 |
2 | 70000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 853 | 2 |
0.510 | 59999 | 2 |
0.515 | 1090 | 1 |
0.520 | 1241 | 1 |
0.525 | 69690 | 1 |
Last trade - 10.15am 15/07/2024 (20 minute delay) ? |
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