With Gambia now back on the "nice acreage with potential" list focus has reverted back to uncertainty over how FAR stays in the game at SNE through development and long term funding in general.
What are the funding options, what is the cost of that funding and what does it mean to a small asx holder (like me). IMO an answer to these questions is unlikely in next 3 months and so we are purely looking at oil sentiment for next few months. Oil sentiment is is now heading down fast. US production sharply up, commodity price down, important OPEC meeting coming up in December could change things but I would not count on it.
Patience is now required (again/still)
Perhaps buying opportunity as low as 6.5c this week if no surprise ANN pops up and sadness in oil sentiment continues with WTI barely holding on to $50?
With Gambia now back on the "nice acreage with potential" list...
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 26333 | 2 |
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| Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |