FAR 0.50% 49.5¢ far limited

News: FAR FAR Says Debt Financing Not Proceeding As Expected, page-169

  1. 1,166 Posts.
    lightbulb Created with Sketch. 525
    DB....take a cold shower and try to see the reality.

    40% more cost or not, is a moot point. FAR stated they had binding finance when in fact they had NO finance.

    The warning signs were there all the time;

    The shareprice will look after itself,
    Best million ever spent,
    1 year PE
    55% COS Samo
    etc. etc.

    PE was an 'exploration drill' mentality in Caths eyes....when what we needed was a 'production skillset' mentality. CN has been exposed as a one trick pony. Time for her to move back into the exploration office and bring in a more robust leader She's strong and determined, no doubt, she just doesn't have the overall smarts required or was required a year ago. It's a c@#k up of monumental proportions.

    Your harping on about the change in FPSO is just hindsight fuzzy noise. When the reality is that a different mindset at the helm could have quite easily sensed the building risks surrounding PE/FID/FINANCE a full year ago and come out of the exercise way back then with a possible JV financed production deal way before any bloody virus inflicted oil downturn.

    Do us all a favor and take five...you deserve a break.


 
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