FAR 0.00% 50.5¢ far limited

Topped up FAR based on FA, page-15

  1. 326 Posts.
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    insaf ,
    comparisons to CVN are not IMO relevant,
    CVN was an ASX200 company that tripped over and fell headlong into the depths
    of the penny dreadfuls,
    a combination of poor management, poor results from drilling, poor use of
    their cash reserves,drilling volcanics rather than sandstone leases,
    and paralysis as the share price continued to plummet left them in a situation
    where they were forced into doing a capital raising to stay alive with the share price
    continuing to plummet after the cap raising until along came APACHE over the hill
    and got them back over the line.
    there are still a lot of shareholders who are very nervous holding CVN, including me.
    this does not sound like the history of FAR, or its management. imo

    with good management and good luck on our side we may yet reach the heights CVN fell from.
    just my take on things.
    any comments are welcome
    i see you sold, good luck to you, and hope you stay posting on here.

    macgee
 
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