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5,719 Posts.
1600
18/03/21
20:22
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Luckily I got 95%+ of my funds out of FAR before the debacle, most of that money went into BPT which has been great.
The open at 69c and sell down to 57c on the first day of trade puts 50c in the ball park of where this could end up in a week.
The stock was getting sold into for most of today.
No one was really buying the stock today despite it having a fully subscribed IPO at 90c.
People wanted out and were willing to take a steep loss.
Low volume, lack of interest and overall market movements put this stock in a potential 50c range.
Nothing much happening with the stock fundamentally in the short term, PNR hardly moves when it announces good exploration results
It is still a long way off production.
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