FAR 1.23% 40.0¢ far limited

Aqua, I certainly appreciate the time and effort which has gone...

  1. 1,178 Posts.
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    Aqua,
    I certainly appreciate the time and effort which has gone into your research, however (and I know I am going to cop a lot of flack for this) I am not as optomistic as some.

    You said:
    1. SNE-1 - Oil shows confirmed - Stock price to high teens. (Shows to be substituted with commercial confirmation)
    2. FAN-1 - Commercial viability confirmed, Oil in place estimates upgraded - Stock price to 40's.
    3. ASX induction in December - based on market cap and cash reserves, I believe we should make it. Stock price to 50's. (I am VERY excited about this, the 193rd largest MC on the ASX200 is $300M, with ours at $330, although from this week I think this will jump up by 40%+ and hold it, we should theoretically be a sitter for the ASX200).

    Everyone is entitled to their opinion, but I certainly have some reservations on points 1 & 2, and your estimated SP predictions, but that's a personal opinion and happy to be proved wrong.

    Point 3 - hmmm, the famous quote from Darryl Kerrigan from "The Castle" come to mind, especially the prediction that the SP is going to increase 40% next week.

    To be fair, you used a MC of $330M, so can I assume this is an old opinion and perhaps made before the SNE-1 announcement? if so, then we certainly didn't "hold it".

    Disclaimer: I do hold what is to me, a significant amount of FAR, so I am not down ramping in the slightest. But I think we need to "keep it real".

    I am not being negative, I am merely expressing a different view.

    OK, now to sit back and await the feedback (if any)......
 
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