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FAR 11.5¢

recovery from placement

  1. acturtle

    3,800 Posts.

    Nice recovery in last two days, back over 5 cents quite quickly. Whilst stock from recent placement is not yet on the market, it seems the market has it digested and FAR should go well until spud of Banjo from here. March 20 expected spud so 3 weeks of reasonable price action ahead???

    If FAR dont do a farmout it will be entering the well with big upside potential. 30% of the permit gives nice exposure to discovery but dont forget high exposure to failure.....


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