FAR 0.00% 49.5¢ far limited

The journey, page-17

  1. 1,664 Posts.
    lightbulb Created with Sketch. 686
    all you people need to HARDEN the FARK UP.
    oil has dropped almost 25% from its June high. we are a oil stock.
    during this June high we traded 7.5 to 8c and now we are approx. the same.
    today 0.0024% of our registry turned over and this is a good volume day.
    I don't see anything -ve in the share price performance considering current market/price conditions.
    what I do see is people becoming impatient, irrational and stupid in their analysis.

    we should see a RISC report very soon. Hopefully this is a nice resource upgrade in our 2c.
    we know they are working very hard behind the scene and that will be with PE, Oil Majors & mid size Oil companies.

    maybe a deal can be struck with part of our pre-empt.
    maybe a deal can be struck with the whole 35%.
    maybe a deal can be struck with wpl.
    maybe nothing can be worked out within the pre-empt time & nothing happens.

    what we do know & due to massive global capex reductions, high cost producers giving up, global growth still growing .... oil at some point next year will become balanced & very balanced.

    So right now its disappointing we are a oil stock, caught with a small percentage of a massive discovery and out of favor for most people to consider important. This is all about to change. Give up if you want, I don't mind, but I just want to say you shouldn't cause the next 3 months finally becomes interesting.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.