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I’d normally trade swings like this and have done once here which gave me an extra 25% free shares of my original holding but free float is now so small and SP can be sometimes shoot back up unpredictabley very quickly so it’s risky in case of lockout . Just have to hang in I’m afraid
Oh the pains of investing !!
Thought it was one of my safest bets as a happy LTH but never contemplated something like this . Hope it blows over quickly but not sure sending in the Russians as back up will help , more like escalate it . Just give the people what they want and let normality resume. We live in hope
I don’t see tight free float as a problem more as a positive, not many shares about means it’s hard for traders to trade so SP remains relatively stable. Monday gone was proof of that as all mining stocks took a pounding but FAR didn’t budge . If we were Aim listed with billions of shares we would be in our late teens , early twenties right now !
He will have to buy ‘ A ‘ company within a few years as vision blue is a shell company . If there is no acquisition all monies must be repayed to investors ( IPO ) by law , just like it was in his last IPO. Whether it’s FAR, another company or nobody only time will tell.
I sold out last week but keep an eye on it , glad I did now . If it drops to .20 might think about rejoining but it doesn’t look as if the company is going anywhere atm. Quite sad considering the good product and coinciding with climate change but the Bod just look incompetent. Only thing to save this is a buy out now but won’t get much for it since SP depression
Yep , no major news in near term but I’m happy with SP atm as it looks rock solid ( no Aim sell off drama or ramp/derampers on here )
Some timescales on drill results would be great like some other explorers though just to keep things interesting
As good as the last RNS was for the long term it’s pushed back the BFS to 12 months which is a long time in the market . The BFS will be the next SP leg up as FAR don’t make money yet and will only lift on significant news. The pull back was a cert, 30p or even a bit lower over next month or so .
For a long term holder this is great news. For a short term news trader it’s time for you to move on but don’t worry , your shares will be gladly snapped up. I was hoping for a timeline on drill result updates going forward as that will prop up/carry sp forward but maybe that will be released in another rns . News from each drill result shouldn’t be to far and in between as it’s shallow drilling. I expect drilling to be pretty intensive as mick won’t want to hang around ( he’s no spring chicken ) so regular drill results will be a very welcome