The fortunate thing is that Cath is a Geophysicist and knows her stuff, she probably knows more than most in the meetings she attends. She did express her concern that the operator did not always agree with FAR's view at times. How much she has had influence on decisions we don't know.
For FAR to survive we need to get to our first development well which will then attract institutional investment.
Maybe FAR management are today focusing on some farm out deal that will boost our cash reserves without more dilution.?
I agree they appear to be acting as a proxy investment team when Cairn are doing all the work.
Issuing options used to be common to all shareholders and were a good trade-able option to many spec companies in the past don't know why its no longer the norm. Rights issues are also another possibility, but aimed at all shareholders as a fair deal.
Cheers
Chass
Team FAR, page-28
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $157.6K | 321.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 792 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 8603 | 2 |
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| Last trade - 13.30pm 09/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |