Ann: FAR completes a $60 million capital raising-FAR.AX, page-56

"I too myself fall into the dangerous trap of looking at the cr ann and going “my gawd, 705miln issued at 8.5c!”; in fact I did that just this morning because I was thinking sheet that’s a lot of stock.."

For a longer term investor and thats the only ones FAR will be interested in, you need to look at MC and not shares on issue, that can be changed at the stroke of a pen....so we will now have 4.5Bil shares on offer making our MC at todays price around $400 mil and enough cash to take us to a DOC . So we need to ask ourselves what could our 15% be worth on acheiving a DOC and then make your decisions according to your thoughts on that issue..
I'm not going to guess at what that might be but IMO considerably more than $400 Mil and certainly $1bil is not out of the question by any means as prices will be converted from the $ US , beyond that is much more murky..

For those who think only in terms of multi baggers then there is still some scope but for institutions who find 10% returns year on year good our current MC is looking very attractive given a lot of the risk is now removed..a MC of $6-700Mil on acheiving a DOC would be a very good return for anyone investing now...the price of oil will be the major decider of our MC going forward and beyond a DOC but that as always is crystal ball country...

What shares have been added to get to this stage is history and can't be changed and for those who bought in at a higher level you have the option of waiting for a chance of a lesser gain or getting out, its what happens at times. The dreams of multi baggers, short term at least, have gone but there is still a very good potential return to be made from here..

Cheers Whisky