FAR 0.98% 51.5¢ far limited

Ann: Investor Presentation - Sangomar Phase 1, page-78

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  1. 4,719 Posts.
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    Thank you for mentioning that Kimbo

    I hadn't forgotten, but I was trying to be conservative (bearish) so I didn't look up the amount of WPL's additional expenditure since acquisition. I had a crack at it in WPL's annual report but my eyes glazed over after the seemingly endless wordy nonsense compliance sections and details of executives remuneration. I hasten to add that this is not WPL's fault - they are just complying with legislative requirements.

    But
    I digress. If it is US$200m as you confidently state then, essentially, the amount of 4.4c per share which I suggested (theoretically) should "be the absolute bottom" for FAR goes up by by a factor of 47% calculated on my napkin/piece of A4 as follows:
    WPL cost (2016 and as per my post above): USD 430m
    WPL cost after (Kimbo's helpful suggestion): USD 630m
    630/430 = 147%
    So 4.4c becomes 6.5c

    Current SP = 3.1c. FAR is currently priced for liquidation.
 
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