I do not want to put down someone research attempts. I think it is great that people post research that they find on HC. However this is the second free research report that someone has found on FAR. My problem with with reports is that they focus on earnings, and dividend payments and net asset backings and other relevant ratios.
The problems is that FAR is valued like many oil exploration companies on potential of likelyhood and value of oil that may be found in future drills.
We already know that FAR does not have an income and hence might not rate highly in any research reports using these ratios.
PS. assuming that the senegal farmout comes through, even without a JV in Senegal I think that s.p. will reach 20cps pre spud.
I do not want to put down someone research attempts. I think it...
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 50.5¢ | $37.26K | 72.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4455 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 10131 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |