Love the conspiracies!
The contingent payment date is entirely out of the control of FAR management (as you have insightfully figured out, I'm actually the CEO and not a retail punter, so I can assure you of that). It is dependent on first oil production, so up to Woodside.
The strategy is wait for first oil, then liquidate when FAR can get a more favourable discount rate on the sale of the CP, and in the meantime try and get some money for remaining exploration assets. Pretty straightforward.
Ann: Results of Meeting, page-24
-
- There are more pages in this discussion • 5 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
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.0¢ | $16.35K | 32.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125139 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5348 | 2 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |