There really isn't a lot of downside here for FAR other than some legal costs:
It wont hold up any drilling plans as CNE is the operator and will be progressing them.
Lot of legal technical arguments to sort out, including the Financial question of which it would seem logical that FAR has a major financial backer for this or they wouldn't have bothered.
There will be a lot of public unknowns for various reasons and FAR managment believe that this transaction will be value adding to the company. I personally agree and cant wait to see who's backing us and what other plans may be triggered if the sale goes through to WPL, maybe nothing maybe something else (new JV for Diff)?
Good to see that WPL really want the stake, i think were onto a real winner here even if we end up missing out.
Is not personal its business
Go for the throat FAR
Article in Australian, page-30
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48.5¢ |
Change
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Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 49.5¢ | 2000 | 1 |
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