FAR 0.50% 49.5¢ far limited

Ann: Annual General Meeting Presentation, page-115

  1. 2,314 Posts.
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    Cosmo made a pleasantly phrased comment. I asked a genuine question back. Not picking.
    There is no doubt that at the current SP there would not be any retail supporter left. Nobody would be happy.
    This does not mean FAR is going broke. But it does mean the recovery, even to much smaller heights than we have seen before, will take quite a bit of time. I suspect that before they commit any more money, they clearly, in conjunction with their major SH's, will make a risk assessment to either let go of SNE to survive, sell part of SNE, should there be a buyer or feel comfortable that they have or can obtain finance. I think the Board is very capable to make this decision. So we are a long way from losing our money. Nobody is going to tell me that Meridian or AG are so stupid as to buy at 1.5 cents only to lose it within 6 months..
    Although I average very low, I am not prepared to sell at 1.5 cps. Not just stubborn, I am comfortable that my sell out price will be substantially higher than 1.5 cps.
 
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