Freehold, I agree the dust will probably settle at high 4's, low 5's and this is a day trading bonanza.
But you need to realise that although FAR has not spudded any wells in Senegal, their PCL/BG neighbours have spudded their Sunbird well in Kenya that is being drilled as we speak. It may or may not be to early to know if this has been a success, but you are incorrect in saying their cannot be a news leak. There are some other news relevant info on the horizon as well as the quarterlies will suggest.
Potentially: Farm Out of L6 offshore, Other license acquistions in Africa, London SX listing for example
As I sad I agree with your short term outlook, but I would not discount potential news flow
FAR's medium to long term success looks strong.
Freehold, I agree the dust will probably settle at high 4's, low...
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Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.5¢ | $17.83K | 35.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34046 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
View Market Depth
| Last trade - 15.57pm 11/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |