$146m raised in Dec2019 as it turns out to solely fund the excessive payment of directors and executives to continue to oversee the destruction of the company (continue as they commenced it with the arbitration of PE). That FAR have pulled this off is breathtaking as they have delivered nothing since the cash raise. Blaming Covid is a cop out for this mob.
Now the board deliver us a share consolidation. This will guarantee the FAR MC settles at $10m.
I pine for the days when Michael Evans was running this company on a shoestring out of Nedlands, and studiously delivering for Shareholders (remember when Hunt Oil bailed on us and we ended up with 90% Sangomar). I don't want to be reminded of what the benefits were at the time when merging with Flow / Gippsland).
To use an industry common quote when offshore - this has been a monumental clusterf##k.
$146m raised in Dec2019 as it turns out to solely fund the...
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.5¢ | $160.1K | 347.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86870 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 121519 | 4 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |