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2.13%

48.0¢ far limited

They people are always vague to the market. Ive lost trust in...

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charlie2009

873 Posts.

59

25/03/20

20:33

Post #: 43699286
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Originally posted by Mr.Hustler: ↑

Hi DB, in typical FAR fashion, it's not clear.

They have the 150 million but this statement is vague

FAR’s discussions with financiers are materially compromised in the present market conditions.
Disruptions caused by the COVID-19 pandemic and the crash in oil price are presenting challenges to
our debt process. The company will provide further information as soon as possible.

There is just a mention of debt process and they have not mentioned the 300 million debt in the same light as our 150 million cash.

Because of no mention, my thoughts automatically bundle the 300 million into the debt process statement. If this is not the case then they should clarify as my immediate thoughts upon reading their statement was that it was not complete yet and those contracts were "being reviewed" but had not yet been signed.

The other question is do they want to be locked in paying interest? Are they trying to negotiate delays based on current circumstances? Lots of unknowns.

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They people are always vague to the market. Ive lost trust in these characters. They need to cut their salaries and overhead and ride this out ASAP.

WPL will be circling them as a cheap acquisition of SNE no doubt!

FAR Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 48.0¢		Change 0.010(2.13%)		Mkt cap ! $44.35M

Open	High	Low	Value	Volume
48.0¢	48.0¢	48.0¢	$75.16K	156.6K

Buyers (Bids)

No.	Vol.	Price($)
3	68600	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.475
1	32022	0.470
1	50000	0.465
1	1822	0.450
1	3000	0.445

Price($)	Vol.	No.
0.485	50000	1
0.490	54000	2
0.495	50000	1
0.500	10000	1
0.510	100895	2

Last trade - 11.48am 30/09/2024 (20 minute delay)

FAR (ASX) Chart