FAR 1.02% 48.5¢ far limited

POO, page-61

  1. 4,726 Posts.
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    "subject to syndication" .......

    and "end of march" ....



    at some point - the people that "lend" will ask the obvious question:

    at the current OP, what is the cash generation......and does that cover the interest costs ...............

    in simple terms

    FAR's share of the project CANNOT CARRY us600m in debt, with OP in the low 30's ......

    the IMPLICATIONS OF THIS ARE:
    1. more equity shall be reqd

    the market knows this ......and its why the "relentless" decline in the SP.......

    at least GoodOil can count .....................

    lolz
    V_H
 
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