It's probably a decision has been made by the fund manager.
Maybe it's automated?
They are putting a drag on the sp.
However, unusual market conditions for FAR have caused issues.
Oil price at $70+ /bbl and forecast upto $125-$150 /bbl in 2022 by some analyst.
I am anticipating a substantial rerating more inline with current oil price forecasts.
FAR will not be under a time deadline to sell for peanuts if a major discovery is announced.
Sangomar was a firesale and contractually date driven.
With a 50% WI, FAR will not be in the same position this time.
Expecting fireworks. lol
time for me to average down, page-26
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |