FAR was 12c a year ago. SP has been savaged after SAMO failed to make commercial discovery because at that moment everyone knew more dilution was incoming. Management can rightly be criticised for not raising at 12c last year as a hedge against SAMO fail and they just have to wear that on the chin..
I was thinking to top up at 0.058 but Im wary now , Lets see what price next CR for 2020 drilling is at - 0.055 again? lower?
Ann: CNOOC acquires 55.55% of Svenska's interest in Guinea Bissau, page-48
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