elemental09 My calculation was based only on on a $5 per barrel . This is the worst case scenario. FAR should be at least 10c a share now! Before any further upgrades.
When we have proven reserves this figure should be at least double. Not to mention the Kenyan assets etc.
my argument is with management that consistenly raise funds in conjunction with poor timing on their announcements.
Also just like the boy that cried wolf, FAR keep telling the market "we found a shit load of oil" but the market is immuned to such announcements and even when there is a substantial announcement it has little affect on the share price , the company is at the mercy of the sophisticated investors that can manipulate the price to their advantage.
Chass
elemental09 My calculation was based only on on a $5 per barrel...
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Last
49.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 49.0¢ | $2.225K | 4.541K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 3621 | 2 |
View Market Depth
| Last trade - 10.02am 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |