Your above analysis does go to show how important these wells could be in negotiations with a third party.
This is without PE in the equation.
Adds weight to Malcy's comments regarding FAR being worth multiples of its current SP.
Throw PE into the equation, exploration potential, control premium, operatorship, etc then I don't think we are talking about 12c.
The dog may be saying that he would be happy with 15c, but maybe that is just his new angle.
We don't want to get to far ahead of ourselves but I suspect if management were able to talk we may well be surprised at the numbers that they were talking.
It all just confirms to me why they are in no hurry. Perhaps we shouldn't be either.
The odds are all on the upside for FAR.
Back to reality the SP today is still less than 8c.
But I do think that we have turned a corner.
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
50.5¢ | 51.0¢ | 50.0¢ | $35.97K | 70.85K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18568 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 345490 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18568 | 0.505 |
3 | 47796 | 0.500 |
3 | 37029 | 0.495 |
1 | 5000 | 0.490 |
1 | 42553 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 345490 | 5 |
0.515 | 8560 | 2 |
0.520 | 415246 | 10 |
0.530 | 1005 | 1 |
0.550 | 2285 | 1 |
Last trade - 15.59pm 31/10/2024 (20 minute delay) ? |
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