I topped up at 7.5c
PE is a game. No move to arbitration will ever happen because that is not what this is all about. I feel i understand the "strategic position" and "reserving rights" comments better now. It's all about a strategic position as a painful thorn in WPL side. The pain of FAR never moving to arbitration and hence never able to allow WPL to become operator via unanimous JV resoloution will gradually increase and WPL will be forced to make a T/O before FID.
Every increase in 2C that WPL delay making a move, the price for taking out FAR will go up......
I dont think WPL has any grounds to take FAR to court..... They could possibly appeal to the President of Senegal to rescind the previous 3 year licence extension and make a new presidential decree if they can convince him it is in Senegals best interest but that is about it.... Senegal just want the project to get underway.
arbitration, page-8
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 48.5¢ | $100.7K | 203.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89898 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2239 | 1 |
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| Last trade - 15.47pm 29/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |