FAR 1.23% 40.0¢ far limited

I've watched this company from afar but never bought due to the...

  1. 3,781 Posts.
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    I've watched this company from afar but never bought due to the high market cap. 

    I am surprised the company is still valued at $500m, with only $30m in the bank. 

    This is, of course a pre-money valuation as a cap raise is required to develop SNE, if it even happens, and a cap raise soon to get to that raising. 


    Add to that time-based discounting of the SNE valuation and this is very expensive. 


    That was a large fall considering the Samo well was a long-term development. Goes to show that too much value was placed on the prospect and success or fail the SP was too high in the first place. 

     



 
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40.0¢ 40.5¢ 40.0¢ $464.8K 1.155M

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41.0¢ 30000 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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