Hi guys,
I absolutely love reading everyones posts each day on FAR. Im a long term Far holder (I still vividly remember the day in late August 09 when Shell said no, I was on my bucks weekend, and it was on the Monday I was looking at a mates Iphone and almost fainted when I saw FAR drop to 4 cents.anyway)
My question is, at what point in time do we start thinking that a JV is not coming, because, for whatever reason companies are not interested? i.e. I assume Shell walked away because of a change in strategic direction, but it could be because they think that the risk is too great, or they believed there is no oil. Other companies may think the same?
As we move closer and closer to the November 2010 cut-off, surely people will start to sell as they believe a JV is not going to happen. (Obviously Im not considering GB here..)
Anyway, just interested to hear peoples thoughts. I really hope the JV comes soon like everyone, so fingers crossed!
Cheers guys
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