If FAR wins arbitration, they better have someone to on sell that stake to, as FAR would need to issue roughly 15bn shares, at 4c to fund it itself.
So for shareholders to gain, you need:
1. To win arbitration (and I am with cujo on FAR not being an honest actor in the process, and so having a weaker case than they portray)
2. A buyer willing to pay a premium, even though FAR's stock has gone backwards since WPL bought in.
3. The Senegal govt not getting offended by the delays this would create, or not liking the new owner.
i would think the probability of these coming together for FAR is 10%. And WPL would be reluctant to pay nuisance money, as it sets a bad precedent for junior partners mucking it around.
You need to buy FAR, or not, based on its 15%.
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Last
52.0¢ |
Change
0.015(2.97%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
50.5¢ | 52.0¢ | 50.5¢ | $17.38K | 33.92K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 96060 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46081 | 0.505 |
2 | 70000 | 0.500 |
4 | 83693 | 0.495 |
1 | 5000 | 0.490 |
2 | 92553 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 96060 | 2 |
0.525 | 19005 | 2 |
0.530 | 1005 | 1 |
0.550 | 27285 | 2 |
0.555 | 10000 | 1 |
Last trade - 14.33pm 18/10/2024 (20 minute delay) ? |
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