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Thought for the future, page-29

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pj

2,090 Posts.

30/03/16

23:13

Post #: 17386703
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Originally posted by flight11 ↑

Hi Kfann,

There is a persuasive argument if I ever saw one. You say you may be wrong and I can confirm I am even more likely to be completely wrong.

You make some excellent points in regard to the difficulties now faced by major oil companies in contemplating acquisitions. In some ways I think that placing the crown jewel assets of FAR in a separate company from the more speculative assets may indeed overcome some of those difficulties. The target asset would be freed of some complications, other than the bureaucracy you mention and, of course, an acceptable offer price.

Anyway, I do agree we have a waiting game to endure, with an exciting ride along the way.

Cheers....flight

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Hi Flight (and Kfann)

I can understand a major oil company not being bothered with FAR in the first place, but surely if anyone was interested, and they didn't want the other stuff, they would be quite capable of sorting out our Senegal assets from the rest and making an offer for them alone, not overly difficult I would have thought, you or I could do it with our eyes shut. In which case why bother to go to the trouble and expense of FAR splitting itself into two - sorry I just don't get it.

pj

FAR Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 45.5¢		Change 0.015(3.41%)		Mkt cap ! $42.04M

Open	High	Low	Value	Volume
45.5¢	46.0¢	45.0¢	$82.54K	182.7K

Buyers (Bids)

No.	Vol.	Price($)
1	6834	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.5¢	44484	5

View Market Depth

No.	Vol.	Price($)
1	6834	0.450
1	100000	0.445
6	315149	0.440
2	144485	0.435
2	31704	0.430

Price($)	Vol.	No.
0.455	24484	3
0.460	16760	3
0.465	7850	2
0.470	2631	1
0.475	16000	1

Last trade - 16.10pm 22/05/2024 (20 minute delay)


Last 45.5¢			Change 0.015 ( 1.11 %)
Open	High		Low	Volume
45.5¢	45.5¢		45.0¢	19222
Last updated 15.59pm 22/05/2024 ?

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