FAR has got 40million cash and it is capitalised at 89million. So, all it's mega leases are valued at 49 million. FAR is cheap as chips!
So 49 million for all it's lease values 10 mil - Senegal (billion dollar barrell potential) 190 mil - Mega potential Kenya (billion dollar potential) 10 mil - Jamaica 10 mil - Other bits and bobs
Now that is ridculuously cheap and unreflected in the share price...if only the sellers could see that. I bought some more on that basis.
Maybe people are just protesting about the CEO's massive unjust pay, but the potential is just hugh.
Maybe there is a bit player out that forcing the share price down so that they can do a take over.
Either way I bet that post Kenya L6 Survey, no matter how much the share price drops, it will hit 8c.
FAR Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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