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Spot on re 'News Management' disconnect KKW. I remember this old...

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rollacoaster

5,719 Posts.

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10/08/18

09:31

Post #: 34850523
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Originally posted by kkw ↑

Hi all,

It's not that long ago that both FAR and CVN were about the same SP wise around 8c, except that we already had a lot of oil discovered. So FAR really had a good start on CVN.

Then CVN found oil at D (and now PS). CVN is now at 63c, an 8 bagger. FAR is at 13c up 50%.

I know we have a lot of mud thrown at us, PE, JV partner not wanting to release info, doing business in Africa etc, but I feel that the big difference is in "news management". AC of CVN really managed the news released superbly. The market is continually being fed with news or advised of news to come and the rest is history; 63c and in a rising trend.

Well, looks like PE will not be of interest for another 12 months, so the only thing we can look forward to is Samo. The whole market is on CVN ATM, so is FAR learning a lesson there and apply that (hopefully) to a success in SAMO

Who was talking about narratives a couple of days ago?

KKW

PS
I hold both. FAR was going to be my knight, but, well you know the rest...

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Spot on re 'News Management' disconnect KKW.

I remember this old quote that I believe was from a FAR AGM, 'the shareprice will look after itself'. What a thing to say!

FAR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 47.5¢		Change 0.010(2.15%)		Mkt cap ! $43.89M

Open	High	Low	Value	Volume
46.5¢	48.0¢	46.5¢	$13.86K	29.29K

Buyers (Bids)

No.	Vol.	Price($)
2	18200	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	1800	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.470
3	36924	0.465
2	13100	0.455
1	1822	0.450
1	50000	0.425

Price($)	Vol.	No.
0.480	1800	1
0.490	30000	1
0.495	50000	1
0.500	110000	2
0.510	220895	4

Last trade - 13.46pm 18/09/2024 (20 minute delay)

FAR (ASX) Chart