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Consolidation, page-4

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lemmo

209 Posts.

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20/07/18

08:31

Post #: 34466262
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Originally posted by Oddoneout ↑

Morning All

With our threads wandering between topics, I thought it worth a quick discussion on a separate but important issue, consolidation.

Two - three? - AGMs ago, the Chairman said consolidation was “inevitable”, but had to be carefully managed to avoid destroying value. It seems to me we are now closing in on the opportunity to undertake this important milestone. Several factors are working in our favour:

> The oil price has recovered.

> Buyer sentiment has returned to oil stocks.

> FAR looks to have established a higher SP base.

> FAR’s register has tightened, with several cornerstone investors who - importantly - have appetite for more stock.

> DOC is imminent, bringing FAR within investment mandates for more instos.

> And lastly, FAR has two potentially massive game-shifting events on the horizon - Samo and PE.

Importantly, FAR’s Board boasts a Director with runs on the board in successful consolidations. In taking Beach Petroleum from zero to hero, the Admiral along the way consolidated its register in a value-accretive way. I asked him about this and wrote something at the time about his methodology. The detail escapes me now, but it included an incentive for holders of the newly priced stock to hang on to it rather than trade. Buyers were also in the wings to mop up any leakage. Without such strategies, consolidations are fraught, as we know.

The Board and Farjoy have visions of FAR as a large(r) and successful producer; it won’t get there while it’s in penny dreadful territory. I don’t think the timing for consolidation is quite right yet ... but it’s getting closer.

OOO

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Good post OOO. I'll see if I can find out as FAR is at the Noosa Mining Conv this morning... I didn't receave any further facts on Erin but lots of smiles and "they have a number of tactics in place"

FAR Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
13 Upvote

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(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
52.0¢	53.5¢	52.0¢	$17.03K	32.56K

Buyers (Bids)

No.	Vol.	Price($)
1	10069	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	22471	1

View Market Depth

No.	Vol.	Price($)
1	10069	0.520
3	110000	0.515
2	35000	0.510
2	45521	0.505
1	29878	0.500

Price($)	Vol.	No.
0.540	22471	1
0.550	82295	3
0.600	25953	2
0.610	2000	1
0.000	0	0

Last trade - 15.03pm 05/07/2024 (20 minute delay)

FAR (ASX) Chart

Consolidation, page-4

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

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Consolidation, page-4

Top Stories

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Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News