Ann: Annual Report to shareholders, page-48

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szaba_the_hut

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01/04/20

16:32

Post #: 43823360
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Originally posted by mad hare: ↑

unreal to suggest FAR did nothing wrong the list is long and would not fit on my mob screen but:

starting PE was not the issue carrying on was a real fu. k up- often suggested as a company maker ! but really a company breaker
not securing finance well in advance was bad planning and total lack of risk management
the could not sell down while playing idiots with PE to much uncertainty created by FAR themselves
they should have gone for JV finance and then all tied in together and that would have secured our future
overselling Samo with inaccurate presentation and information the market will remember as will potential farm in partners
overselling most things under delivery and making stupid public comments CN has a long list that are repeatedly quoted on here; who created that situation
creating a profile of we know best yet failing to back anything up TH e emperors new cloths

this list goes on.

FAR according to their report has cash to cover its next 12 months but as per the norm for FAR we remain unsure if that covers 2020 cash calls and will be able to sell SNE at a give away price.

the senior team has demonstrated a total lack of competence and under delivery destroying SH value due to their own decisions and actions no one else's.

will we see 8c again unlikely will we go into admin unlikely will we give away our world class asset likely and the reason is 100% down to management.

oh just to remind supporters the industry and investor community will be well aware of the current FAR team performance and reputation and the only hope we have is the major shareholders whom I think will get feedback from what's posted on HC act and bring change

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PE itself as it turns out was not really the problem.

The real problem was and is the finance.

Lets hope those investors with deep pockets and a lot to lose can obtain a Capital ambulance to take FAR's unconscious body to the Sisters of Mercy Cash-Call Hospital. They have a financial ventilator at the hospital able to supply life sustaining $ into FAR until our oil-price vitals improve and we can be awoken from the coma symptomatic of the FAR LAcklustre MAnagemEnt Virus (FAR-LAME19).

FAR Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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Last 49.5¢		Change -0.003(0.50%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
50.0¢	50.3¢	49.5¢	$74.71K	149.9K

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1	37432	49.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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2	104597	0.485
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1	100000	0.475
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0.510	202895	4
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Ann: Annual Report to shareholders, page-48

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Ann: Annual Report to shareholders, page-48

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