CR-What about Debt raising ?, page-17

let's hope so Plugged
If we are able to get on and purchase more at 10-11c I'll def be in...
just running through some of the numbers

IF the total allowance of 47m cash was raised:

30m at 11c =330m shares
extra 17m at 11c = 177m shares
Total 507m shares
Total on register post CR 3.2bn shares

Cash will be 40+47=87m

10c will equal MC of 320m
We closed at 13.5c =350m

Now with extra 47m cash….
400m mc warranted based on last close
=12.5c
So not that much of a dilution

But would be nice to see the breakdown of costs and allocations for the new funds
we know FAR will prob have to fork out 24-30m for the currrent 2 wells, which leaves them about 10-15 leftover

add the new 47m and they are sitting on around 57-62m CASH

We know a JV in Kenya will net them more cash for reduction in equity....this wont change imo

so they could potentially hold about 70m cash post kenya JV