$50M well x 15% = $7.5M per well to FAR => issue 30M shares at $0.25 each....
Or did you mean $50M per well net to FAR? In that case, issue 200M shares at .25 each. With 2.7 billion shares on issue, that's only a 7.5% dilution.
Or what about offering SH's options (1 for every 2.7 FPO with opportunity to apply for the shortfall = 1 billion) at 5c each? Strike price 30c. 35c per share will sound awful cheap if an appraisal well confirms production potential. $50M up front if fully subscribed, and if they hit the money, add $300M to the coffers. That would cover our share of a $2B capex. I don't think too many SH would complain about the dilution in that scenario.
Nervously optimistic, page-40
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.5¢ | 50.0¢ | $187.3K | 369.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 47199 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |