FAR 0.57% 43.8¢ far limited

Ann: FAR obtains additional 10% interest in Gambian blocks, page-105

  1. 1,877 Posts.
    lightbulb Created with Sketch. 799
    Just come back from holiday in KL, great place, very diverse, visted Petronas towers of course - very impressive piece of architecture.

    Just catching up with news.
    Far was 6c when I left and 5.5c now and inbetween we've acquired the long promised extra
    20%
    10% of Gambia licence.

    Doesn't look to have been received very well with SP decreasing??
    My interpretation looks like Far has paid US2.25M (in typical example of Far communications clarity) but have also agreed (as part of this?) to backdate some new Gambian Petroleum conditions (would this have been exempt otherwise) thereby relinquishing 15%JV (or 7.5% to Far) to Govt should they eventually be successful. So in effect they have paid $3M AUD for an extra 2.5% assuming Govt will take up it's portion. Doesn't sound a very good deal to me considering the length of time it took to negotiate? - Or am I wrong here?

    https://hotcopper.com.au/data/attachments/1755/1755324-0ee9091075414571e9697e0eceb2975e.jpg

 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
43.8¢
Change
0.003(0.57%)
Mkt cap ! $40.42M
Open High Low Value Volume
43.5¢ 43.8¢ 43.5¢ $66.15K 152.0K

Buyers (Bids)

No. Vol. Price($)
2 31704 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 15693 1
View Market Depth
Last trade - 15.59pm 10/06/2024 (20 minute delay) ?
Last
43.5¢
  Change
0.003 ( 3.33 %)
Open High Low Volume
43.5¢ 43.5¢ 43.5¢ 1467
Last updated 10.15am 10/06/2024 ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.