FAR 2.02% 50.5¢ far limited

$45m Cash Call, page-80

  1. 5,936 Posts.
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    The full article was posted at the start of the 'Djiffere Dispute' thread... but here are the paragraphs re the cash call, from respected and very well informed industry professionals at Upstream Online.

    ""It is understood that Far, which holds a 15% stake in the asset, will receive a Rufisque cash call of some $45 million in January to fund these activities with some market watchers queying the company’s ability to meet this demand.
    However, Norman said this month that Far finished the September quarter “with a healthy cash balance of $50 million”. ""

    DYOR
 
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