Can't give you advise for obvious reasons but also need to take into account your investment style...risk profile....your plan..
If you don't have a plan....get out whilst you can..
I know my own so will share this with you....
Don't tell others will you?
I tend to sell major portions of my holding on Spud day......especially in a case that there is only one drill.....a form of insurance...
On a one drillI I would never take on additional Risk.
One spin of the wheel....so to speak...
In relation to Far....only..
In this case I intend to take the punt on the First well....keeping my total holding....the reason is that there is another drill immediately following..
And others in 2014. Plus the Far nearolgy drill...
The second drill carries more risk and will decrease my own risk at this stage...
Regarding the price....
The price has jumped a huge 40% odd today should hold tomorrow....the next day becomes problematic as new traders need to sell or commit...due to the t3 settlement period...
Remember that the rise was only 1.7 cents it's not really a lot anyway.
After all it's a hell of a long way from the suggested 38cents.
Whilst not many think this has anything to do..with Sunbird...I beg to differ..
I believe that some of today's trading has an element of the Sunbird drill
Because it's been drilling for over 36 days and the depth is not that much anyway.
I see no reason why Far can't get near to 10 cents by Spud date....anything over this level is problematics due to the history high resistance at this level...will take time....
Of course there would be a rest on more positive news or negative new going forward...
Nobody know the future...
Imo
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $10K | 20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36600 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 118092 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36600 | 0.500 |
2 | 47591 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
4 | 260000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 118092 | 4 |
0.510 | 133895 | 2 |
0.515 | 120000 | 2 |
0.520 | 285293 | 3 |
0.525 | 118000 | 2 |
Last trade - 10.23am 22/08/2024 (20 minute delay) ? |
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FAR (ASX) Chart |