Australian (ASX) Stock Market Forum

FAR - FAR Limited

Jump to new
Re: FAR - First Australian Resources

Hey Doc,

Yeah I know about South Gross Shallow that its down to 5% but Peter Strachan still recently valued the shallow target at 2c-5c from memory


But the Deep target interest is still just under 18% so that the $1 value given by Strachan back then is ok, if anything its way undervalued given that oil back in late 05 was probably $60 US vs $100 US now


I really doubt Senegal is factored into the price, Strachan recently commented that FAR's hard asset and cash value is 9c and any success at Beibu will take that to 13c at which point all of FAR's exploration assets incluusing Senegal are free

So all we need is success at Beibu on monday/tuesday next week
and at current levels we get a free option on Senegal, Australia and Canada
 
Re: FAR - First Australian Resources

with Huntley's and Fat Prophets aboard FAR, all we are waiting for now is some positive seismic results out of Senegal for the re-rating to kick into full gear this will start up a whole heap of new research reports and recommendations.

Below is an article written about the similarities between HDR and FAR, remember between when HDR announced their seismic results in Mauritania and when they started drilling there, their shareprice mulitplied by 10, this is the stage FAR is just heading into to.

http://www.far.com.au/files/research...20Mar 07.pdf
 
Re: FAR - First Australian Resources

This is on the verge of breaking out just from looking at how heavily weighted the spread is.

BUY SELL
Number Quantity Price
4 154,000 0.145
4 1,353,582 0.140
7 1,787,222 0.135
9 1,295,080 0.130
6 2,180,000 0.125
12 2,181,685 0.120
10 2,626,800 0.115
9 2,079,660 0.110
2 250,000 0.105
1 200,000 0.100
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number
0.150 346,736 5
0.155 799,480 8
0.160 769,453 2
0.170 345,000 3
0.175 148,600 1
0.180 18,008 1
0.200 36,000 2
0.250 40,000 1
 
Re: FAR - First Australian Resources

YT you must have access to some pretty interesting information.
The day after you post your research the volume goes off. Or maybe it it was just you buying and soaking up sellers? :confused:

I saw your research last night, had a look myself this morning and saw some potential.



Perhaps an up trend to come as previous volume spikes where followed buy up trends. Maybe there good at leaking the news? It was good to watch as the sp broke 15 cents then stuggled to hold there.

A good chunk of the buy side was taken just before close, almost 2.5 million shares traded within 5 mins. Directors jumping ship? hahaha

Thanks for your research guys, one to watch for monday morning. :)
 
Re: FAR - First Australian Resources

What no mention of Japanese Whaling Pat. I read the government has delayed sending off the whaling vessel. :confused::rolleyes::cautious: This company looks intersting. Pity ive been away for a few days. When are results expected?:confused:
 
Re: FAR - First Australian Resources

Pat said:
YT you must have access to some pretty interesting information.
The day after you post your research the volume goes off. Or maybe it it was just you buying and soaking up sellers? :confused:
Click to expand...

lol, I think it has more to do with the spudding of the Beibu Gulf well, this is the first of 4 wells which will be drilled back to back and given the fact that the wells are a step out/follow up to the discovery made last year increase the probability of a discovery, I'd say at least to a 1 in 4 chance, which given the fact that 4 wells are to be drilled back to back would arguably suggest at least one discovery should be made.

As I worked out before, we can expcet a result for the first well by Monday/Tuesday if everything went to plan

However of even more importance is FAR's US drilling currently underway, should the deep target come in it holds $1+ of value to FAR!

And finally there is the overdue seismic interpretation for Sengal which once released will outline well/target sizes, I expect a re-rating on the back of this.
 
Re: FAR - First Australian Resources

I have only had a quick look at this after noticing others posts but it really had volume on Friday compared to the past few months.. and is getting chased up this morning when the market is red.. someone must be expecting positive results aside from YTrader..

Young trader are you subscribed to any newsletters that alert you to these little gems or you just troll through every stock which isnt yet run hard ????
 
Re: FAR - First Australian Resources

adobee said:
I have only had a quick look at this after noticing others posts but it really had volume on Friday compared to the past few months.. and is getting chased up this morning when the market is red.. someone must be expecting positive results aside from YTrader..

Young trader are you subscribed to any newsletters that alert you to these little gems or you just troll through every stock which isnt yet run hard ????
Click to expand...

Hey adobee,

I try and keep an eye on as many things as I can, but I can only do this by having access to as many research and analytical reports as possible,

It was Peter Strachans Stock Analysis that kept me updated about FAR over the last few weeks

I am impressed with how FAR has traded today so far, it seems I am not the only one waiting for these Chinese and US wells ;)
 
Re: FAR - First Australian Resources

FAR is up, but AMU, HZN and ROC are flat or down...

If it's out that SGT is looking the goods, I'd expect AMU to be trading a lot stronger than it is...
 
Re: FAR - First Australian Resources

i just put an order in for 66,000 @ 0.155 im second in line so should fill soon, i didnt want to miss the boat sitting behing the 900,000+ sitting at 0.15

anyway see how things go
 
Re: FAR - First Australian Resources

evwatkins said:
i just put an order in for 66,000 @ 0.155 im second in line so should fill soon, i didnt want to miss the boat sitting behing the 900,000+ sitting at 0.15

anyway see how things go
Click to expand...

Well it went through. Where do we see this share closing today? hopefully above 15cents at least... hopefully the dow is up tonight.
 
Re: FAR - First Australian Resources

Whats the chances of getting an announcement today?
I'm hoping FAR to finish around .15 to .155. It has touched .16 quite a few times and would be nice to finish there, but if it closes at .155 we should see a nice gap up tomorrow with the pending results (if they dont come out today).

In conclusion, results out today or no? :cool:
 
Re: FAR - First Australian Resources

yeh lets hope this one gets some good news. I also got some at 15.5c wishing i got in a few hours early when it was at 14c a few days ago when i bought. Looks very promising, lets hope :)
 
Re: FAR - First Australian Resources

This run up looks very similar to the last one, which was a prelude to a "mates rates" deal to raise some more money. Still holding some of this for long term glory, but not holding my breath just yet. The lofty targets that have been bandied about are still a couple of years away imho, if they ever get there...
 
Re: FAR - First Australian Resources

rub92me said:
This run up looks very similar to the last one, which was a prelude to a "mates rates" deal to raise some more money.
Click to expand...


Hi rub,

Can you please fill me in n what happened last time?

Did they wait until a well was being drilled and then do a placement to "mates" ?

They have $10m in the bank, I would be very surprised and dissapointed if they do a placement now, I really would.

From your post you've obviously been following the story longer than I so I am interested to hear your experience's with it so FAR (pardon the pun ;) )
 
Re: FAR - First Australian Resources

Not sure if the ann re china drilling is what the market is so excited about, I'm under the impression FAR only holds 5% interest in these. These tests are said to be completed late 07 to early 08 but this doesn't mean they're ready to be released.
I'm hoping the results from Senegal have been leaked as this is the big one IMO. These tenements are definitely FAR's wild card!!!
FAR will be a definite target for a major if these results are positive. From what I've read, they are surrounded by majors in Senegal... Woodside, Tullow... Good long term punt IMO.
 
Re: FAR - First Australian Resources

:)

Hi folks,
FAR ... if we marry our regular TA with some astroanalysis, then we can
see, that there should be enough positive cycles to keep FAR in an uptrend:

10012008 ... minor cycle

15-16012008 ... significant and positive cycle ... finance-related ???

22012008 ... positive news expected here.

05022008 ... more news expected ... start of a new upleg???

08-11022008 ... 2 positive cycles to lift FAR, again.

04-07032008 ... 2 aspects to bring positive news and a .22 high, here ???

10032008 ... negative spotlight on FAR

1403-02042008 ... 2 opposing and underlying cycle here for FAR, may make
for some volatile trading, especially, around:

28032008 ... 3 significant and negative cycles are triggered by a lunar
aspect, while another positive cycle is also in play. So,
expect some significant events here for FAR. Looking for a low ?


... and then, April should be stronger for FAR:

Our mechanical target date, calculated from the price move above (in days),
gave us 03042008, as a target in early April.

Soon after that target, our astroanalysis has uncovered several positive
cycles to lift FAR off its lows or breakout from resistance, at that time:

08-09042008 ... positive spotlight on FAR

11-14042008 ... significant and positive news expected here

18-21042008 ... difficult cycle in play here ... negative ... pullback???

21-22042008 ... significant and positive cycle ... finance-related???

25-28042008 ... difficult cycle here, but more news expected.

Next round of positive cycles for FAR, should get started, around 28072008.


More later .....

happy trading

paul


:)

=====
 
Re: FAR - First Australian Resources

YOUNG_TRADER said:
Hi rub,

Can you please fill me in n what happened last time?

Did they wait until a well was being drilled and then do a placement to "mates" ?

They have $10m in the bank, I would be very surprised and dissapointed if they do a placement now, I really would.

From your post you've obviously been following the story longer than I so I am interested to hear your experience's with it so FAR (pardon the pun ;) )
Click to expand...
With Canning Basin on hold for the rainy season, there won't be any revenue coming out of that for a while. Senegal will need more money and they probably don't want to dilute their holding there just yet (although I think it is likely that they will need to in the future). Previous raisings have typically come on rumour/possibilities of drilling success. If you can get insight in who are the large traders in FAR at the moment, that would be telling. If Evolution Capital Management is involved, it could be another raising. Time will tell I suppose. I've decided to hang in there for another year or so to see what transpires. ;)
 
Re: FAR - First Australian Resources

Well still no news re the Chinese well,

Based on their prior progress I would expect something by tomorrow re the well

However given JMS's performance today on a good ann it makes me think that only penny dreadful stocks ie FDL, BMO, RCH, GDA, ORO, RSL, GNL will run in this market which really makes no sense at all :confused:
 
Re: FAR - First Australian Resources

Trader Paul said:
:)

Hi folks,
FAR ... if we marry our regular TA with some astroanalysis, then we can
see, that there should be enough positive cycles to keep FAR in an uptrend:

10012008 ... minor cycle

15-16012008 ... significant and positive cycle ... finance-related ???

22012008 ... positive news expected here.

05022008 ... more news expected ... start of a new upleg???

08-11022008 ... 2 positive cycles to lift FAR, again.

04-07032008 ... 2 aspects to bring positive news and a .22 high, here ???

10032008 ... negative spotlight on FAR

1403-02042008 ... 2 opposing and underlying cycle here for FAR, may make
for some volatile trading, especially, around:
Click to expand...

Hey paul may I ask how you come about all these predictions? and what is your success rate like?
 
Top