Yes, its unfortunate it has taken this long for them to come to this conclusion.
They even sent a director overseas to try to get finance (refer to the Dec quarterly). But all they had to do, was do a video conference call to get their answer, instead of spending $250k to find out.
And anyone with a background in finance or had ever operated their own business, knew it was almost impossible at the best of time to get project finance and mezzanine finance at the same time, and leveraging more than 100% of the MC of an oil and gas exploration company with no revenue.
I have a sister who is a Director of one of the major banks and when I showed her what was being proposed: she had said "No way".
In any case, after nearly 6 months of uncertainties, it looks like they finally got it right.
Congrats for Cujo, GO and Ya for picking it.
And congrats to current holders.
Good luck.
- Forums
- ASX - By Stock
- FAR
- Cairn and Far look to cash in on $4bn project off West Africa
Cairn and Far look to cash in on $4bn project off West Africa, page-57
-
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3338 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 199900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 90826 | 0.455 |
3 | 90921 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 199900 | 2 |
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online