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FAR

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Chart setting up for another run, page-31

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Whisky49

13,553 Posts.

4637

21/09/18

10:36

Post #: 35747684
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Originally posted by swandc ↑

Everyone seems to think success at Samo will result in a sale down of one or the other …. I'd hope quite the opposite and that it would make financing of SNE easier to achieve with the additional asset sitting there and they simply finance SNE. Cashflow from SNE would then be used to meet finance obligations and fund development of Samo (probably together with some further equity/funding as required particularly for any appraisal of Samo …. share buy backs later when cash in flows are happening can be the plan to reduce the # of shares) …. ultimately we'd end up with decent equity in 2 developments which is much better than 1. Can you imagine say a plan that say 2025 will have 2 developments receiving massive cashflow with payback period envisaged to be a couple of years after that ….. these assets don't just fall out of the sky, would be a shame to let any part of them go without full value. …… short-term pain for long-term gain.

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Absolutely Swandc, always better to have smaller slices of two projects than a larger slice of one, management will be driven by long-term value considerations...as you say, this would be a very rare opportunity for a small Company should SAMO come in, so maximum value is paramount and that will almost certainly mean some short-term pain to get SAMO appraised but from a higher shareprice...

Once SAMO is appraised and possible a look at SOLOO at the same time, then its farm out time IMO....in the meantime we better see if there's something to appraise and farm out first ...:l

Cheers Whisky

Last edited by Whisky49: 21/09/18

FAR Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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