FAR 0.98% 51.5¢ far limited

Ann: Results of General Meeting, page-60

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  1. 2,987 Posts.
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    Hi All

    As we left the meeting yesterday, Cath and The Admiral were reiterating how the uncertainty about the Aussie dollar had a big bearing on the Board's decision to raise capital. I half-jokingly said: "Yes, in six months time you might look like geniuses."

    Little did I realise they'd be geniuses in six hours (trading) time.

    With oil and oilers now in free-fall, money in the bank - moreover in US dollars - is as good as, well, money in the bank.

    All hail FAR's judgment call; it might just be the saving of us.

    OOO
 
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