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So your prediction is 2cps in 2 years and a take over offer hmmm...

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Kriptic

837 Posts.

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30/03/20

19:40

Post #: 43782703
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Originally posted by Base1864: ↑

Mad,

I am not convinced personally that WPL will do anything. They have promised to cut their CAPEX and their shareholders would not be happy to have to a) pay for FAR and b) pay extra for SNE in this current climate.

Not only that, i am convinced Peter Coleman has his head screwed on and he will wait. My scenario that I see happening is this.

WPL will not bid for FAR, hell they won't even offer scrip. They will wait. FAR has to pay $500M in development costs. In 2 years (supposedly) and just before first oil, FAR will be heavily in debt, have no cash at hand, looking to raise again and the share price I strongly suspect will be at best 2cps. That is when I feel the low ball takeover offer will come. When FAR is at its weakest. Let's face it, another 2 years of the incompetence we have seen to date, will have shareholders jumping for any offer.

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So your prediction is 2cps in 2 years and a take over offer hmmm sounds like a damn good investment to me, Im not sure but are you just ramping by insinuating such a positive outcome. Oh well what the hell all aboard the FAR express. Thanks for the positive post Base

FAR Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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Last 49.0¢		Change 0.000(0.00%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
49.0¢	49.0¢	49.0¢	$10.77K	21.98K

Buyers (Bids)

No.	Vol.	Price($)
1	14178	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	20000	1

View Market Depth

No.	Vol.	Price($)
1	14178	0.490
2	30000	0.485
4	87930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.505	10000	1
0.510	129688	3
0.515	2239	1
0.520	79910	2
0.525	30000	1

Last trade - 12.19pm 25/07/2024 (20 minute delay)

FAR (ASX) Chart