FAR alert ..... astrostuff update ..... :)
by, 23rd-January-2009 at 02:57 PM (1378 Views)
FAR ..... a good announcement today, as FAR increases it's interest to 90%
in its Senegal play ..... no doubt, that will be reduced as negotiations
continue with prospective farm-in partners, with the aim of maintaining FAR
in a free-carried position, in the months ahead.
Expecting some very significant news from the FAR camp in early April 2009,
as several positive time cycles come into play, in the period 02-09042009.
Also shooting for 13.5, then a 17 cent target, by the end of March 2010,
with a big negative time cycle due, soon after.
Looking at the longer-term FAR chart, attached below, we can clearly appreciate
the right-hand bias on the price movement since June 2003, with recent lows
making a huge double bottom .....
have a great day
P.S. ..... holding FAR.