Riskup
thanks for all the information from the meeting .. its much appreciated.
Cant help feeling today might bring some news in addition to financing. My “reasoning” being that FAR promised an update on financing and the project. Given that the placement was conditional on obtaining the US$350m debt financing and given that it has now been scaled back to US$300m due to the reserves being claimed by the operator, there must be another source of funds being sort ir a deal has been done on PE or a sale of some equity in SNE. ... IMHO. And for FAR to be able to nominate today in advance to update us on this they must have had things pretty well sorted last week.
the alternative is that it will just be another update saying things are progressing. But then why lock themselves into today?
H
Ann: Financing Update, page-289
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