I think FAR must be considering it. FAR Management will want the gravy train to continue, so will be looking for ways to become more than a minor partner (adding no value) to the Senegal field. A low dilution acquisition makes sense, and PCL turns FAR into a pan african operator.
Secondly, why does FAR have an investment banker (ramsay)? Not just to pass thehat around to investors from time to time.
PCL will not want to sell on the cheap however, and FAR will not want to fund a Namibia drill. So we wait.
Should FAR sense a driil will happen in Namibia, it will in my view immediately launch a takeover
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Mkt cap ! $194.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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Price($) | Vol. | No. |
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16 | 6727010 | 0.023 |
22 | 9832132 | 0.022 |
17 | 10129936 | 0.021 |
20 | 15776500 | 0.020 |
Price($) | Vol. | No. |
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0.026 | 3300710 | 5 |
0.027 | 10496942 | 14 |
0.028 | 6516683 | 15 |
0.029 | 4131590 | 10 |
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