FAR 1.09% 45.5¢ far limited

Davy, Meridian have just taken advantage of the continued...

  1. 230 Posts.
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    Davy,

    Meridian have just taken advantage of the continued uncertainty on the FAR stock. PE, Erin and DJ come to mind (issues not related to operational activity) - investors understandingly have looked elsewhere at more immediate opportunities. A lack of alternative buyers who see immediate value investing in FAR, there just isn't the fear of missing out.
    These threads have suggested manipulation for over 5 years now - I am far from convinced. Meanwhile the PE issue gets kicked down the road for another 12 to 18 months (probably a good thing, now we can just concentrate on Samo drilling).
    The apparent spike we got on the back of CVN has now largely evaporated. CVN has no such non-operational activity holding the SP back. They are successfully drilling and providing near on daily price sensitive updates. No uncertainty, probably now working on development funding.
    Tough gig holding this for 10 years and waiting to reap the Senegal rewards.
    Best of luck to all FAR holders.
    BF
 
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