I have a challenge for you all.
What is the potential value of FAR? Yes we needed to raise money to survive; however we now have 5.5 billion shares on issue. In order to get $1 per share we would need to be bought out at $5.5 billion dollars.
We own 15% of SNE. I think we have approx 100mmbls of oil to our name. If we get $4 per barrel that's $400 million. 5500 million shares divided by 400 million is 13. We would need 13 SNE fields to get $1 per share.
Are my maths even close? Or completely wrong?
My challenge is that we all discuss and come up with realistic current value if we sold out current assets.
Ele
The true value of FAR
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.5¢ | $160.1K | 347.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86870 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 121519 | 4 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |