cujo,
There are probably many moments you could point to that led to downfall of FAR.
For me, it was the Pre-emptive Right folly that started FAR's demise. One mistep led to another.
IMHO, these are the misteps:
1. they didn't understand the JOA, even though they were one of the original partners,
2. they didn't have a big brother to finance Pre-emptive Rights,
3. they were playing a bluff hand (poker analogy) for 3 plus years,
4. this resulted in a fractious relationship with the Operator within the JV,
5. who obviously closed the door to JV finance.
They didn't have to take this path, but they chose to pursue this PE debacle.
So it was an own goal - one of many, unfortunately.
Now, FAR has been left out in the cold: unable to get finance and unable to raise capital (at this share price).
What a terrible way to destroy value for shareholders.
It could have been a very different story, if FAR was better managed.
- Forums
- ASX - By Stock
- FAR
- I wonder whats happening in fortess FAR
I wonder whats happening in fortess FAR, page-6
-
-
- There are more pages in this discussion • 90 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
|
|||||
Last
49.5¢ |
Change
-0.003(0.50%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
50.0¢ | 50.3¢ | 49.5¢ | $74.71K | 149.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37432 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 202895 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 191996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 202895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |