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
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.5¢ | $22.26K | 44.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 148595 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 102895 | 3 |
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| Last trade - 15.42pm 03/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |