FAR 3.03% 51.0¢ far limited

I personally was very happy to see FAR unload its Canning Basin...

  1. 216 Posts.
    I personally was very happy to see FAR unload its Canning Basin assets. In my view that is exactly where the alliance with PCL should stop. FAR in Senegal have achieved something that almost all spec resource companies can only dream of. The idea of Kenya coming along and adding value is pie in the sky. It should be divested in my opinion. All that these other prospects will do is dilute shareholder returns and prolong management positions. I remain to be convinced that FAR should exist. Only two things management should be concerned with now.
    1) Getting as far as it can into the Senegal appraisal/production process with NO further dilution.
    2)Being taken over.
    As an additional comment i think that no more staff are required to achieve this. No doubt i will be roundly criticized for this post so before you start let me also say i still firmly think with good reason that Senegal will wind up being bigger than any of us currently believe.
 
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