FAR 1.23% 40.0¢ far limited

A Bridge to FAR- Fair value

  1. 7,319 Posts.
    lightbulb Created with Sketch. 49
    Far is now approaching its fair value of 6.5 cents.

    More downs than ups ahead !
    With almost 6 billion odd shares and a market cap of 4oo million Far is a long way from production .
    Unless the price of oil increases markedly on 2021 -22 production of 30,000 bopd (FAR4.5 thousand 15%) the daily profit to FAR on $10 barrel margin is $45000 per day , $315,000 per week ,18 million per year .
    To reach production more capital raisings at 7c for say an extra 2billion shares . eight billion shares then in total .Savage consolidation of say 1:50 at this stage.
    On a market cap of say 400 m at 18 million profit PE of just over 20.
    Eight billion shares into cap of 400 million + 5 cents.
    However FAr could rise with success at Guinea where greater percentage of lease held , price of oil increase or could be taken over at say 10 cents.
 
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Last
40.0¢
Change
-0.005(1.23%)
Mkt cap ! $36.96M
Open High Low Value Volume
40.0¢ 40.5¢ 40.0¢ $464.8K 1.155M

Buyers (Bids)

No. Vol. Price($)
3 119733 40.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 30000 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
40.0¢
  Change
-0.005 ( 1.23 %)
Open High Low Volume
40.0¢ 40.5¢ 40.0¢ 68198
Last updated 14.47pm 28/03/2024 ?
FAR (ASX) Chart
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