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We need a PE update., page-90

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ric81281

742 Posts.

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10/03/17

11:27

Post #: 23245985
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Originally posted by hardmano ↑

smug

Agree FAR is just a little old company and to pull off PE would be extraordinary. We didn't expect to even contemplate it I would imagine until the COP/WPL dodgy sale price gave us the possibility.

Those expecting us to PE and hold at 50% are dreaming! A side deal is the most likely outcome ... that's been my expectation for 6 months. Less likely is that we PE and onset most/all. But as I said in my previousd post getting something from PE that helps with financing is psychologically important.

We need to remember that from a funding perpective we are not a Woodside or even a Cairn. We have had 2 near-death experiences in the last few years ... the drilling problems in 2014 and the plunge of the oil price to US$25. Lets be grateful that we are still very much in the game and ANYTHING we get from the PE is a bonus. Sorry Tony but that's how I see it. I'd love it to be otherwise but I am not counting on PE to make us rich.

H

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hardmano - I don't follow your - "... to pull off PE would be extraordinary.. ".
It seems to me that PE was there for the taking & to have missed out raises questions re management. Don't tell me that getting funding was a problem.

FAR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 51.0¢		Change -0.010(1.92%)		Mkt cap ! $47.12M

Open	High	Low	Value	Volume
51.0¢	51.0¢	51.0¢	$2.55K	5K

Buyers (Bids)

No.	Vol.	Price($)
2	10111	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	215776	5

View Market Depth

No.	Vol.	Price($)
2	10111	0.495
1	2000	0.490
1	47000	0.485
1	1999	0.475
2	92553	0.470

Price($)	Vol.	No.
0.520	215776	5
0.525	19005	2
0.530	101005	2
0.550	27285	2
0.555	10000	1

Last trade - 10.02am 14/10/2024 (20 minute delay)

FAR (ASX) Chart