"As previously announced FAR Limited (ASX: FAR) is pursuing a senior secured Reserve Based Lending (RBL) facility. To date FAR has received credit approved terms for US$200m and is in negotiations to increase this to US$300m.
FAR will provide a further update on the project and financing on the 20th January 2020."
LOL. What a joke. Sorry to anyone who tipped cash into the SPP.
So they did not even get $300m! They are so far up the creek. No word on whether the people behind the placement are walking away either.
A complete shambles. Get your pitchforks ready.
Ann: Financing Update, page-2
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |