That’s spot on. And also in order to buy the interest, a party has to set up a Senegalese entity. That’s a hassle and costs money. Nobody’s gonna bother when they know a low ball offer is gonna be taken out by Woody. Cairn could try a low ball offer coz it won’t cost them anything and Woody might be happy to have em back on board. Trouble is Cairn investors might see it ad a sign of lack of strategic direction. Petrosen could pitch in too except that they couldnt afford the CAPEX payment. That’s why another poster’s suggestion that some sort of structured buyout by existing large shareholder is likely. Latter would wipe out PIs. Not looking good is it
That’s spot on. And also in order to buy the interest, a party...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
View Market Depth
| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |