FAR 0.57% 43.8¢ far limited

Ann: Annual Report to shareholders, page-6

  1. 82 Posts.
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    The company is clearly in wind down mode else they wouldn’t be spending their limited capital on share buy backs. Share buy backs at the moment are the most share price accretive strategy given the contractural arrangements with Woodside. The Board has cut costs to the bone and are basically just waiting to monetise the oil royalty arrangement with Woodside. Once that is done and we are paid out what is coming to us it will then basically get our payout and Asta La Vista. Imho dyor
 
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