The previous 23 April 2025 asx release 'Upon receipt of the provisional 2024 Contingent Payment, the Directors consider that FAR will have surplus capital which they consider should be returned to shareholders. However, the Directors consider at this time that it is appropriate to retain sufficient funds to cover a potential claim from Woodside as described above in case such a claim eventuates and is proven. FAR does not concede any liability to Woodside Energy but is merely acting in a conservative capital management manner consistent with appropriate governance principles'
They have enough funds to pay their salaries and the maximum claim - hopefully we can settle for a lower amount (i don't see us getting off fully - but partially is a possiblity - get the senegal government wanting a bigger slice of the pie from whoever rightly or wrongly)
FAR Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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