Good point squire,
if Far saw something they REALLY liked (comparable in size or geology with SNE) then I am sure they would have thrown enough money at CAP etc to keep everyone happy even though there was a risk with the Title.
However if Far only saw a few risky propects why throw money at the block when the Title and your money was at risk, better to try to pick the block up on your own terms at a later date.
Regarding worst case scenario - Far lose DJ when FAR have no shortage of similar acerage on better terms and FAR lose $2m(?) of which is still quite immaterial to a $400m company with net cash.
Does anybody actually ascribe any value of DJ to FAR in a SOTP?
I know I wont be losing sleep over DJ, anyways back to focusing on material things such as SNE, not to mention Gambia farm out with hopefully free carry, RISC update, PE, POO....
Dakar hearing 28 August - CAP vs FAR, page-13
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Mkt cap ! $44.81M | |||
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