If you want to use logic then i suggest doing some math. FAR has...

If you want to use logic then i suggest doing some math.

FAR has 2.7Bn shares on issue according to google finance . So at SP of 11c its valued at $300M - not including any options.

FAR has 15% project ownership of the senegalese project everyone is buying it for - so if we assume say 90% of FAR's current SP is based on the value of those projects, then the entire senegalese project is being valued at about $1.8Bn.

That is a huge value to ascribe to a project that isnt confirmed on scale or commerciality - so after excitement you will likely see a fair bit of second guessing of just how much FAR is worth.

After a very large capital raising like FAR has done - you should expect a fair period of consolidation - esp when oil price has been weak.

So i;d expect the stock will probably go back into high single digits and then consolidate until newsflow confirms commerciality.