FAR

0.00%

50.5¢ far limited

An Ode to FAR....., page-92

First 92 Last

Share
Profile

Follow
zacma

2,314 Posts.

593

20/01/16

13:31

Post #: 16832462
Share

Originally posted by dangar ↑

OFL wrote -

The next step ,if we do a CR at .07c for $130m AUD then we end up with an additional 1.9b shares which takes us to 5.6b shares therefore being diluted by 34%

OFL, remember can only issue another 15% of total on issue per year without SH approval.

But as others have said, we cannot run this to production without considerable capital costs which will mean either debt or more dilution. Which means it is very hard IMO to see the value of what is one share today (which may well become a 10th or 20th of a future share on the ASX after a consolidation) reach the magic $1.

My opinion is that debt is cheaper than dilution when you have a solid business plan for making loads of income, but if you have a significant element of risk dilution is the safer option.

Wouldn't mind seeing an option issue for capital raising at this stage. That allows investors with an appetite for risk to be well rewarded and reduces dilution for current holders. For example, 1B options with a strike price of 15c and 2 year expiry date with an issue price of 2c would raise $20M now, and another $150M if they hit the money. Investors would break even at 17c, make two bags at 19c (a bit less than what buyers on market today would make), five bags at 25c (compared about 3.5 buying at current price) and 10 bags at 35c (compared to only 5 buying at 7c).
Holders happy with what they have suffer no dilution until the SP doubles, then they have a 22% dilution instead of your 34% raising $170M in total instead of your $130M.

Understand that doesn't help much if you need money now, but it's a thought. Maybe attaching options to a rights issue would work.

Expand

Our SP gets hammered whatever we do.
I hate to say this, but it will take one of three things here:
1) The POO rises, preferably with Tony's J curve.
2) Declare commercial.
3) Get an offer, low ball or otherwise.
Until such time we are at the mercy of the shorters, accumulators or who else.
Its sad, but so be it.
I know it will be OK, these characters shall not win. The pendulum will swing

FAR Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
22 Upvote

0 Great analysis

Reply

Top Stories

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

GRX

GreenX picks up prospective copper project in Germany

Is oil undervalued?

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

WGX

Westgold sets its sights on top five producer status through merger with Karora

There are more pages in this discussion • 5 more messages in this thread...

First 92 Last

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
51.5¢	51.5¢	50.5¢	$97.33K	190.2K

Buyers (Bids)

No.	Vol.	Price($)
2	26752	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	109917	4

View Market Depth

No.	Vol.	Price($)
2	42668	0.500
2	29755	0.485
4	113930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.520	109917	4
0.525	60000	2
0.530	60000	2
0.535	115000	3
0.540	131187	5

Last trade - 15.45pm 02/08/2024 (20 minute delay)

FAR (ASX) Chart

An Ode to FAR....., page-92

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

An Ode to FAR....., page-92

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News