FAR 1.01% 50.0¢ far limited

WPL announce,ent, page-41

  1. 18,851 Posts.
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    Contrast the difference between these two statements:

    Dec Qtrly on 31 Jan 2020

    In addition to the successful equity raising, FAR announced an update regarding its US$300 million
    senior secured reserve-based lending (“RBL”) facility. Over the coming months, FAR "will conclude" the
    documentation process for the RBL facility,
    select its preferred provider of junior debt and conclude
    the necessary funding for the Sangomar project.

    https://hotcopper.com.au/posts/42679699/single

    Versus FAR's update on 25 Mar 2020.

    FAR’s discussions with financiers are materially compromised in the present market conditions.
    Disruptions caused by the COVID-19 pandemic and the crash in oil price are presenting challenges to
    our debt process. The company will provide further information as soon as possible.

    https://hotcopper.com.au/posts/43686991/single

    Notice the huge change in language:

    It went from "will conclude" to "discussions".
    Last edited by Cosmoterios: 27/03/20
 
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