It's not that difficult really Mike we are in a serious Bear market within the oil sector and they are mean beasts, combine that with no income, no reserves , production at least four years away , a MC of $325Mil and a news vacumn and I suspect you have your answer...
Bear markets like bull markets take values to the extreme ..however one does follow the other eventually and FAR is in a good situation given the severity of this downturn and being at the likely bottom of it, cashed up with more drilling on the way ....
Cheers Whisky
Solidarity, page-48
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $2.525K | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13568 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
View Market Depth
| Last trade - 10.02am 01/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |