FARties, page-24

Uboy

Brilliant post! Yes a CR in 6-12 months is totally acceptable ... and part of the deal if we are to proceed to with these projects. As are asset sales or other financing arrangements as part of the mix.

In an earlier post I said FAR has been transformed by these discoveries from an absolute speccie living or dying on the drill result (and thus attracting a lot of short-term traders), to a longer-term play. A growth story complete with assets, possible future production and the potential for significant capital growth for shareholders with a timeframe of years not days! HDR went up 20 fold from its speccie days as the company grew in this way and commercialised its assets. That required a number of ERs and other financing ... so its not a bad thing.

We should be worrying if FAR had ended up with few assets after 2 dusters ... not worrying about funding growth towards cash flow!

H

H