Seriously, I can't believe it.
We are at 4.8c - back to where we were when the dust was still settling from Shell's exit. Fear has taken hold, and I like it!
Fundamentally this is ridiculously cheap given current and projected O&G industry dynamics, increase prospects with Guinea Bissau and ongoing negotiations on Senegal. It is difficult to quantify how we could possibly be in a worse position now than we were immediately after Shell exited.
IMHO the market is cutting off FAR's nose despite its face....the problem now is the the long-termers (like me) are probably not willing to drop the sell depth down to 4.8c - as soon as that happens it will be hard not to top up.
Lots of love
ppuff
this is fantastic
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 200000 | 1 |
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| Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |