Dead right Mr H. Every man and his dog is blaming management for not securing finance when they didn't know the actual cost until 3 months prior to having to front up with the cash. There had been over 3 years based around leasing FPSO and not one person can supply one shred of evidence that FAR or CNE knew a purchase was even being considered. China Virus and oil crash snuffed FAR's chances of finance and WPL making it 40% more expensive has cost FAR shareholders a motza. Anyone who is still holding that says pe is to blame for finance ect is a complete dunce IMO. If you thought pe was a problem you had 3 years to exit. It only became a problem when WPL became operator......because it suited WPL to delay.
FAR Price at posting:
1.1¢ Sentiment: None Disclosure: Held
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