FAR 1.02% 48.5¢ far limited

Outside of SNE I think it will be hard for FAR to get another...

  1. 11,382 Posts.
    lightbulb Created with Sketch. 694
    Outside of SNE I think it will be hard for FAR to get another free carry in their other leases in the near future.
    Spending money is very tight for FAR right now with a CAP raise before the middle of the year IMO.
    SOLOO they will have to pay for as the Erin saga could drag on for ever so off loading another 20% I doubt will pay for a free drill with again no guarantee of a successful well as there has never been a successful well drilled on their leases.
    Exiting SNE before getting a full price when in production would be a monumental mistake.
    FAR would be lucky to get US$3.50 a barrel for an undeveloped resource.
    If the SP cant rise to a reasonable value when they have oil imagine with over 6 billion shares soon on issue what a couple of dusters would do to the SP as any monies from an SNE sale diminished.
    Imagine trusting this mob with the proceeds.
    Best they stick with what they have as they are no CVN by any stretch.
    On the other hand if finance is a sticking point then who knows really.
    If it gets to 8 cents I'm square and will be quite happy.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.