Ann: Financing Update, page-95

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Brightoil

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15/01/20

20:45

Post #: 42401786
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Originally posted by dodds: ↑

Franklin, I understand where you are coming from, but if that were the case I would have expected FAR to simply say they are still waiting on the approval from that bank (...not 'intimating' they are now in negotiation with the two banks who have already 'committed' to $200m). In saying that the announcement is not totally clear and is open to some interpretation (something that disappoints me). I am pleased though FAR did not specifically state that the third bank had knocked them back (if in fact it has), as I think that would have had a significant negative effect on today's share price. As it stands, the market took today's news reasonably calmly, there was no sign of large players abandoning (indeed buyers still outnumber sellers).

The doors are still open for FAR to bring this home, but no doubt the point of reckoning is only days away. As many have said today there are still three issues that remain incomplete - FID, finance and arbitration. None of these have been 'confirmed' as done, however none also have been confirmed as failed. Rightly or wrongly I am in the camp that the three outstanding issues are linked...and all are now overdue! When one issue becomes overdue people become nervous...when three are overdue either the rails have come off...or if the issues are linked then there is a good chance that smiles will return.

SNE is a huge asset, and so much hard work has been done and completed to this point. Tomorrow is one of the few days I wished I lived in Melbourne...the EGM will be very interesting and hopefully will throw some light on where this is all at. And Monday seems like the possible converging of all roads.

dodds

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All . Pray god for a good outcome mobday.

Far has signed a cash only contract to buy a mansion in Senegal and cant finance the loan yet and has no money. This is despite having a core management team and illustrious leader who can do not wrong. Msybe tomorrow she falls on her sword.

IMO all thos is linked and there is a mole who knows whats happening. You cant have all this events happening together unplanned ...someone knows whats happening with PE finance and PE and wants to silence FAR forever. I hope we pull through

Anyone know what happens next....will Goliath now slay D.

FAR Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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Last 49.5¢		Change -0.025(4.81%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
51.0¢	51.0¢	49.5¢	$3.293K	6.5K

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No.	Vol.	Price($)
1	995	49.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	995	0.495
1	47000	0.485
1	1999	0.475
2	92553	0.470
1	3000	0.445

Price($)	Vol.	No.
0.510	3276	1
0.520	212500	4
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Ann: Financing Update, page-95

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Ann: Financing Update, page-95

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