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FAR - FAR Limited

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That support at 6c has been broken so now it's at 5.8c and in freefall.

Me tipping it in February will probably make it worse
 
Latest ann:> FAR Limited (ASX: FAR) advises that the seismic acquisition across permit, WA-458-P has safely and successful been completed.

Late last quarter FAR concluded stakeholder engagements with CGG to join in the much anticipated Davros Extension Multiclient 3D Survey. FAR received a Notice of Start of Acquisition from CGG in mid-December as the MV Geo Coral began its mobilisation from southeast Asia. After a brief port call in Broome, the vessel commenced deployment of in-water equipment whilst on route to the survey area.

Post end of the quarter, seismic acquisition across permit WA-458-P began. The survey was safely and securely completed in mid-January and FAR anticipates receiving the final processed data in H2 2019. FAR is pleased to have completed this survey, to enable a full evaluation of WA-458-P, which lies within the prolific Dampier sub-basin.

This new data will be used for detailed mapping of the prospects which have been identified, leading to selection of potential candidates for drilling. FAR intends to farm down its high interest in WA-458-P after completing its evaluation of the permit using this new seismic data.

FAR managing director, Cath Norman, said, “It is great to finally complete the seismic over the WA-458- P permit. Offshore Western Australia has seen a resurgence of activity following the Dorado discovery and FAR looks forward to completing this work on the block, aimed at identifying a drillable prospect, and then bringing in a partner for the drilling.”

Pump it here
 
Found this FAR January 23 2019 youtube video (10 minutes) on FAR website

Published on Jan 22, 2019
23/01/2019 - FAR Limited (ASX:FAR) Managing Director Cath Norman talks about FAR's 2018 operations, what will be happening this year for the SNE development project and future prospectivity of the Gambian blocks.

Q&A with Cath Norman - January 2019

 
Support building and resistance depleting... fingers crossed



Traded volume 6700,000 so far...
 
6.1c , 13% up and 120 million shares traded.

What do we reckon people ?
 
PZ99 said:
6.1c , 13% up and 120 million shares traded.

What do we reckon people ?
Click to expand...

PZ99, as you have asked...

"One swallow doesn't make a summer"

What's the meaning of the phrase 'One swallow doesn't make a summer'?
A single instance of something is just that; it doesn't indicate a trend.

Skate.

1. Daily Buy & Sell pressure (14th Feb 2019)



2. Weekly Buy & Sell pressure



Sorry it's still unloved
 

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PZ99 said:
6.1c , 13% up and 120 million shares traded.

What do we reckon people ?
Click to expand...
At the close of trading it was 256 million shares transacted. There must be something which charts may not be able to trace down. Closing price was only 5.6% compared to 13% up
 

Hi Skate
Pardon me for my comments as I just envious on those who can draw lovely charts
Yes, one swallow does not make a summer. But to win a lotto you need one swallow only
So 256 million shares transactions must have a story line.
Regards
 
Miner said:
Hi Skate
Pardon me for my comments as I just envious on those who can draw lovely charts
Yes, one swallow does not make a summer. But to win a lotto you need one swallow only
So 256 million shares transactions must have a story line.
Regards
Click to expand...
Within 17 minutes of opening of market today, FAR volume exceeded 1.1 millions. Yesterday was 256 millions. Day before yesterday was 2.7 millions. Probably Monday, ASX would provide who was/were the interested buyer/s on Valentine's Day and possibly today 15th Feb. Lots of love happening probably

 
The volume of transaction has exceeded 5 millions today. As at 3.41 PM AEST, there are now 101 sellers against 65 buyers which must depress the price further .
Could it be a short sell ? How that can be detected if short sellers are manipulating the market yesterday and today with no news? Why ASX has not sent PLEASE EXPLAIN note to FAR either ?
Interesting manipulation as well as my speculation

 
The fact that it traded and closed above yesterday's ultra high Volume day is interesting. Lots of possibilities at this stage but definitely worth watching on that alone.
 
Trading Halt after closing for a equity raise

FAR Ltd (ASX: FAR) requests a trading halt in its securities effective immediately pending an announcement by FAR Ltd in relation to a proposed equity raising.

In accordance with Listing Rule 17.1, FAR advises that it:
(a) is seeking the trading halt pending an announcement in relation to a proposed equity raising;

(b) wishes the trading halt to last until the earlier of the commencement of trading on Friday, 3 May 2019 or the time when the announcement is released; and

(c) is not aware of any reason why the trading halt should not be granted.
 
Thanks, PZ99
Somehow it missed my attention.
Stockline Peter Strahan has predicted previously that to survive FAR, it will be asking for equity.
Not knowing the price for SPP, I suspect the opening market price will be subdued - giving the opportunity to buy from the market as my guess SPP could be less attractive for the existing holders.
Let's see what happens after the trading halt withdrawn.
After losing on downslide price, I sold off my holding but when it went further down, bought some small parcel. So time will dictate if I should do nothing, sell out existing or closing the eyes buy SPP. Currently, the volume of shares (5.4 Billion ?) in the market is considerably high. Could there be a consolidation of shares after capital raise - we all know by the end of this week. Unfortunately, I will be at mines and can see market only if Telstra phone works
 
Miner I was posting to report 5.4 billion shares plus other info 3+ hours ago.

On checking and because you had reported the same before my, I deleted my posting
 
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