Hi Baillta,
I would hardly call FAR's action "market manipulation.
Cath/Far have played it very cleverly.
Far is bound by "tight hole policy" with Cairn - Cannot reveal anything - as much as they would like to.
Along comes Farjoy -(unsolicited) and makes a public statement of how it sees the FAR-"Play". And, it seems, Farjoy may very well be bang on target with its inferences/deductions/summation re the Senegal play. Farjoy may have played a card that FAR wanted to play but is prevented through the tight-hole policy.
And there is nothing stopping FAR to place the already public statement by Farjoy on its own website. Far did not place it on the ASX.
I see it as a very clever and subtle move by FAR without breaching any ASX rules or the "tight-hole" policy.
Regards
Becoming a substantial holder, page-128
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47.0¢ |
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Mkt cap ! $43.43M | |||
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