Polar Marquis is on its way ........, page-191

Punters should ask themselves what FAR will look like at 30 June .....

1. non-payment of $ into the SNE JV, means they don't own it .........this means the carrying value will have to be written down to zero.
2. they "may" be able to claim a "contingent asset" (upon a contingent liability - being the amt outstanding to the JV) ........but they will still be forced to take the write-down.........
3. if one chks the WPL accounts - one will see the "boat" has been purchased .......if FAR stay in the JV - they wont be a going concern post 30 june - b/c several hundred million in liability for 2021......

so - what does the entity look like post 30 June ........

Cash at bank
some expl dirt

"value - circa 0.7c" ........

only for the brave ............or perhaps DaveyBoy will show that its all someone elses fault.......

rgds
V_H