Tony, The brokers have their own agenda so most people give their valuations little credibility.
Re your last comment, 7c - 10c is fair value for the company at present. The reason that I am invested in this company is because of the ongoing exploration potential, with the likes of Soleil and Sirius. The share price will not reflect the potential value of these until they have been drilled, and found hydrocarbons. The market gives little value to undrilled exploration potential, no matter how good it might be due to risk perceptions.
So FAR is is a good investment at current prices if you believe in the ongoing exploration potential.
Quarterly, page-72
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Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 49.0¢ | $16.03K | 32.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3905 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 25043 | 4 |
View Market Depth
| Last trade - 14.31pm 03/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |