a company like FAR is a joke - people like ME run these companies like it is their own private company = share offers to sophisticated investors (mates) etc.
however there is enough history with companies like these and ME would have done his best in negotiations. not the ideal environment for dealing with a major.
however if you have an amount you can lose, you also have an amount that could go up 10 - 20 fold even after dilution.
of course shell want to do more due diligence - 65 million is still big dollars. just a case of trying to forget about it for the time being and check back on one seismic work has been done. just have to make sure you have other horses running so that you can follow those in the meantime - try ESG.
very basic risk reward
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Last
48.8¢ |
Change
-0.018(3.47%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.5¢ | $83.79K | 169.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33697 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 5899 | 3 |
View Market Depth
| Last trade - 13.26pm 05/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |