You are wrong Davy. I spent a lot of time researching on that stock - just like any stock I invested in - including FAR. Just ask anyone on that forum how well I know of that company.
I went to most investor briefing sessions and ask very tough questions. I did that for most companies where I have invested over $150k (including FAR).
And when someone asked me (yes, I was asked twice) to invest more in FAR, I had said no, I did not have faith in this management group.
Instead, I got out of FAR altogether even though it was more advanced in their program.
By the time, the other company started the drilling program, I had nearly $400k invested.
We had two drills going in 2018. One hit and the other didn't. The SP went from 8/9 cents to 69 cents before falling back to 30 cents. Since then, the company have raised $50M and the SP (despite the raise) have continued to rise.
Similar quantity of oil in both companies, but the MC of the other one is about twice that of FAR (yes, twice). Now, if the oil quantity of both are the same, then what is the problem here - why has the market discounted FAR by 50%?
Answer: Management Team
You are wrong Davy. I spent a lot of time researching on that...
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $45.28M | |||
| 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 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |
