"FAR did not take the opportunity to do a CAP raise, yes in hindsight a very very poor decision."
That would depend entirely on what plans FAR have for financing SNE and they will have a good idea...any cap raise done before SAMO would have been done at a discount and the shareprice would likely be even lower than where it is now given the result and the dilution, the only difference is we would have had a few more dollars in the bank...SNE needs a lot of dollars not a few ...there is rarely ever a perfect solution but raising after a success would have been close.
We have some very experienced people on board and the issue would have been considered seriously and based on knowledge they have and we don't , it won't have been a roll of the dice decision...we should have enough cash to get to FID and a lot can happen in that time....
Cheers Whisky
FAR Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
(20min delay)