FAR 2.02% 48.5¢ far limited

Ann: Sangomar Project Update, page-50

  1. 2,977 Posts.
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    FAR as usual a leaky ship because the sell side started getting stacked well before the announcements today & yesterday. ASIC should investigate as to when FAR actually received the default notice and when they were aware that they were in default assuming the notice arrived 7 days or so after FAR were aware that they were in default.

    FAR should have cash backing of over 1c per share. FAR by using the default provision actually stays in the game longer! Pay up with interest in 6 months and then wait for the next 6 month default bill down the track. Libor plus 2% is a hell of a lot cheaper than the financing that FAR had previously arranged. The sellers are transferring wealth to the big two. Would not be surprised to see change in substantial holdings notice down the track to confirm what I am speculating.
 
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Last
48.5¢
Change
-0.010(2.02%)
Mkt cap ! $44.81M
Open High Low Value Volume
49.5¢ 49.5¢ 48.5¢ $34.87K 70.84K

Buyers (Bids)

No. Vol. Price($)
1 27749 48.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 10897 2
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
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