FAR 2.91% 50.0¢ far limited

Ann: Annual Report 2018, page-14

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    The point is FAR will have think long and hard whether to PE if they, in fact, get the opportunity to PE - the chance of which, currently is at best a 50-50% chance. Maybe you should re-read Brightoil's post. I stopped short of mentioning that FAR could retain 5% but that would only happen if FAR sold the 30% massively in excess of acquisition price + spend paid by WPL to date in order to get to a position where "all it's funding issues is gone". You obviously missed this important comment. Remove your rose coloured glasses and start thinking before making irrational statements! No clue - joke. Compared to recent sales, do you think for one moment they'll get an IOC to pay something in the region of $1bil for 30%. That's what it will require to achieve a FAR finance position where "funding issues is gone". Not going to happen. Get into the real world.
 
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