malcolm in the middle/others: I would also assume that it will be to those so called "sophisticated investors", which will dump the cheaply acquired shares on the next move up in a hurry.
BUT WHY do the need extra funds is the really interesting question to me?!
I could only envisage two scenarios that would make some sense (at least to me):
1) They can acquire some new attractive grounds somewhere
Personally, I would NOT really like this scenario a lot, however!
2) They want to keep a very LARGE share of L6 and are preparing for massive drilling costs after the seismic will be done. Of course, they will still farm down a bit from, say, 60% to 40% (??) but 40% of the drilling costs would/will still be substantial.
ALL purely speculative thinking here, of course.
As usual, comments/ideas on WHAT/WHY exactly FAR needs ADDITIONAL funds most welcome. And do not just mention extra salary/office costs - that would upset me and others a touch!
wasa
- Forums
- ASX - By Stock
- FAR
- ann is coming!!
ann is coming!!, page-50
-
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 52.0¢ | 52.0¢ | $1.401K | 2.694K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 306 | 52.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 29455 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 306 | 0.520 |
1 | 17440 | 0.515 |
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
3 | 35878 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 29455 | 3 |
0.545 | 14787 | 1 |
0.550 | 82295 | 3 |
0.595 | 889 | 1 |
0.600 | 25953 | 2 |
Last trade - 11.05am 09/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |