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Goldbear ................ IMO your analysis of the FAR share is...

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hotkiwipav

1,916 Posts.

22/10/14

16:13

Post #: 14164355
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Originally posted by goldbear77 ↑

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.

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Goldbear ................ IMO your analysis of the FAR share is not quite correct as you have only included the Senegal block, FAR has blocks in Guinea Bissau, Kenya x2 plus WA so using only Sengal value to base the SP on is clearly not going to be correct!!!

HKP

FAR Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 50.0¢		Change -0.005(0.99%)		Mkt cap ! $46.20M

Open	High	Low	Value	Volume
51.5¢	51.5¢	49.5¢	$12.21K	24.48K

Buyers (Bids)

No.	Vol.	Price($)
2	17061	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	17061	0.485
3	48930	0.480
2	70000	0.475
3	84150	0.470
4	200000	0.465

Price($)	Vol.	No.
0.515	9742	1
0.520	43555	1
0.530	10000	1
0.540	22471	1
0.550	82295	3

Last trade - 15.55pm 02/07/2024 (20 minute delay)

FAR (ASX) Chart