With all due respect, I don't think that's right. FAR is not a passive partner in this. The FAR geos recommended the drill locations for FAN1 and SNE1. They have also been active participants in all subsequent decisions. FAR is also independently 'working' the data well by well and seismic by seismic. I have spoken to Cath, our Chairman and to our senior geo about this.
Let's be fair about this. The FAR people are working incredibly hard - as you would if you had these tigers by the tail (elephants by the trunk doesn't seem to work, does it?). I have absolutely no qualms about management's performance. I don't even mind the issuance of further options. I just think the bar has been set too low and my current intention is to vote no purely on that basis. That said, I am today a little more cool-headed after a couple of days' reflection. I have read the 'yes vote' arguments led by Phillip and I will attend the AGM and listen to the BOD's argument before finalising my position.
OOO
FAR Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
(20min delay)