AGM, page-83

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hardmano

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31/05/17

08:39

Post #: 25006068
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Originally posted by erinne ↑

Hello Pw1961,

I had a long discussion regarding PE and to me it was crystal clear that FAR will be going to arbitration as Cath stated we have nothing to lose and everything to gain. The $1.0M dollars is nothing in the scheme of things. I wanted to be very clear in my post around PE and therefore I asked very specific questions and put the answers in my previous post. Cath & Nic were very well prepared for the PE questions and Cath had prepared and presented a PowerPoint presentation on this subject. In my opinion FAR will lodge their PE application after September, after all the expected good news has been announced to the market. As Cath & Nic said the time for negotiating with COP has come and gone, it is now only the tactical end game that needs to be played. As with any litigation you must cross the "t's" and dot the "i's" to ensure that you do not destroy your case before it even starts, and this is what FAR are doing. This game cannot be played according to the inpatient shareholders timeline as this would be disastrous for FAR's tactics. There are many knockers on this thread regarding the PE issue, but they are the ignorant ones that are hoping like hell that FAR do not PE.

All I will say is be patient fellow shareholders as the institutional holders certainly are, they can see the longer term value in FAR, but if you cannot and if you see no value in FAR then you should get out, this is all my opinion of course.

I just want to share one more topic with you all about FAR's technical capabilities, when the Cajun express had issues and the drill stem was stuck and would not release in the FAN well, who do you all think came up with the technique to release the frozen clamp ( not sure of the correct term here)???????
Well it was a FAR employee and I talked to him at the AGM, he had a similar experience in another company and this was relayed to COP and this was then relayed to the Cajun express, how's that for technical know how. COP were planning to cut the drill stem at that time, bigger does not mean smarter!!!!!!

Regards
Erinne

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errine

Thanks again for an interesting post and your sharing your inquiries. This statement was rather interesting:

"In my opinion FAR will lodge their PE application after September, after all the expected good news has been announced to the market."

Are you saying that the arbitration will be sorted by then and FAR is expecting to be given the opportunity to PE?

H

FAR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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AGM, page-83

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AGM, page-83

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