Cairn has a market cap of approx $2 billion (in AUD). If a 40% interest can be "transformational" to a company of this size then I would like to see what it could do to a relative tiddler like FAR.
FAR with a market cap of around 100 million is 1/20th the size of Cairn. If you say that FAR's 15% interest is roughly about half of Cairns 40% then as a very crude approximation there should be about 10 times the leverage on offer.
Transformational raised to the power of ten?
Cairn has a market cap of approx $2 billion (in AUD). If a 40%...
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |