Shareholders seem to have forgotten that drbrooks emailed FAR about why the JV had to buy the FPSO.
And FAR's reply (not quoting verbatim), WPL refused to guarantee the repayment of the lease (loan).
Why is WPL obligated to guarantee anything, when one of its members was taking them to Arbitration?!? If you can't predict WPL's refusal in that circumstance, then you should be pursuing another career!!!
Further under the JOA (Joint Operating Agreement), FAR is a member of the Committee that oversaw all the FEED notes - including options to lease or buy the FPSO.
So to suggest they were surprised?!?
Is a bit too much!!!
They were members of the Committee that reviewed everything....lol
Ann: Annual General Meeting Presentation, page-47
-
- There are more pages in this discussion • 174 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.0¢ | $17.80K | 35.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46101 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 15819 | 2 |
View Market Depth
| Last trade - 11.51am 04/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |