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3.09%

47.0¢ far limited

Ann: Investor Presentation, page-17

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colquhoun

1,417 Posts.

35

22/07/21

12:28

Post #: 54689175
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Originally posted by PhillW: ↑

Well by my sums we have the following;

US $128M = approx AUD $170M

AUD $170M minus AUD $80M cash return to shareholders + AUD$90M cash on hand.

US $22.5M = approx AUD $30M for outstanding costs for Bambo so remaining cash is AUD $60M

So FAR cash backing should be $1.40

Return of cash is 80c of the $1.40

Now what we do not know is the date of entitlement for the cash return is! I would hate to sell on listing and find out the entitlement date is in two weeks time. The uncertainty will probably mean that investors will not want to pull the trigger in haste. If the entitlement date is prior to the share listing then a good buy in price would be 50% of the cash backing so 50% of 60c is 30c.

So FAR may be a good speculation at 30c.

I am surprised the major shareholders are happy with only 80c cash return. With $1.40 left after Bambo I would have expected them to demand $1.30 and leave FAR as a cashed up junior with $10M.

Does the FAR board have the major shareholders backing for the 80c cash return. As usual FAR have left more questions than answers with this announcement.

Expand

Plus the possibility of $75 million dollar future payments contingent on future oil price and timing of first oil. 75 cents per share.

FAR Price at posting: $1.10 Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 47.0¢		Change -0.015(3.09%)		Mkt cap ! $43.89M

Open	High	Low	Value	Volume
47.0¢	47.5¢	47.0¢	$4.476K	9.499K

Buyers (Bids)

No.	Vol.	Price($)
2	81762	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	56091	2

View Market Depth

No.	Vol.	Price($)
2	81762	0.470
1	50000	0.465
1	50000	0.460
2	5000	0.455
1	1822	0.450

Price($)	Vol.	No.
0.480	56091	2
0.485	50000	1
0.490	54000	2
0.510	100895	2
0.520	225286	3

Last trade - 13.56pm 27/09/2024 (20 minute delay)

FAR (ASX) Chart