A bigger day of trade yesterday and opens up this morning.
I'd say the FAR slump has bottomed with all this strong support at and around 4c for the last week or so.
Thanks to all the other posters out there who are sharing this view with their positive posts.
I think the SP will only drop into the 3 's again if bad news comes in the form of no license extension for Senegal.
Sure risk remains, but i am really finding it difficult to convince myself that the Senegalese Government are going to ditch FAR in favor of someone else. Far seem to have met every obligation in their license agreement and have only been let down by third parties (Shell) or geographical conditions(inconclusive CSEM) all of which are unforeseeable and could not possible reflect poor management by FAR.
The extension is a shoe in.
Waiting for mid 3's i believe is a greater risk now than FAR not getting an extension.
So if you been watching and waiting for this one,I'd say the time is right.
The only way is up.
the only way is up.
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |