Regarding a Capital Raise, this makes no sense until positive drill results from the appraisal wells are available so I don't think it will occur prior to drilling. According to my dodgy arithmetic, FAR will need something like A$20m - A$25m to get through the two appraisal wells (55 days each @ US$750K pday) so should have enough change to cover this as well as other operations. FAR have a good track record of capital management and raising money at the right time.
Ann: Quarterly Cashflow Report, page-25
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |