Not advice, but FAR has around 2,6B shares on issue. Every 0.001c increase in SP adds nearly $26 million to market cap. How much further can it run? Still only has a 50% chance of commercial success and may be big, but I thought a good chance to take profit at current level. At above 8c downside risk imo is greater than upside potential.
BUR doesn't appear to have much in the pipeline which could get get it to FAR type excitement, but it should be a steady increase with lower risk for those who this suits. AKK is perhaps somewhere between the two and top of my current watch list.
If BUR manage a farm out or sale of Heintschel we may get our money back! Still good to see costs being below average in this sector, only 421m shares on issue and that Norm hasn't sold - not that this is material to him!
Carras Kugler must get T3 flowing that we have a future cash-flow!
BUR Price at posting:
1.2¢ Sentiment: None Disclosure: Held
