Good get, Shire. It's clear from this that, barring a leftfield event, the market will await connectivity confirmation as the last piece of the jigsaw before re-rating FAR. Fair enough.
I'd does, though, add further intrigue to FAR's foreshadowed 'commercial ' announcement in Q3. Without connectivity, what can be said? And will the market take any notice?
JP mentioned the ORA crew is heading back in September. If so, then perhaps we might have connectivity established by Q4 and DOC in Q1 of 2017? Whether our capital stretches until then is another question the market must grapple with.
So, still some uncertainty ahead, but against a backdrop of growing certainty about one important factor: Our oil is becoming evermore valuable to big oilers looking to replenish reserves.
Took profits elsewhere today. Now cashed up and circling FAR with my trading stash.
OOO
RBC Capital Markets on FAR, page-4
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 1786 | 1 |
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| Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |