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2.94%

49.5¢ far limited

Well said! IMO D

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1,594 Posts.

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01/05/18

07:47

Post #: 32787019
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Originally posted by oakeyflat ↑

FAR clearly lacks the financial capacity to PE. So in order to pursue PE this far, FAR would have to have a very solid on-sell deal already in the bag or close to it. There is no reason for it to not be with WPL, as anyone else would be disruptive to the project and not in FAR's or anyone else's interest.

For WPL to do a deal before the arbitration decision, they would have some explaining to do to their shareholders. This is not beyond the realms of possibility and could happen any day. However, if FAR believe they have a strong case (which they do), then they will want top dollar and would be disinclined to accept a compromise price early. If FAR are successful, then IMO it is certain that they will onsell to WPL. WPL will then have as pretty simple face-saving explanation for their shareholders.

The deal is already done IMO. It is just a question of whether both parties have decided to roll the arbitration dice (with WPL having a slim chance of getting out of jail free and FAR looking very red-faced but otherwise unscathed) or arrive at a mutually-agreed price and explanation early. COP of course don't care what happens.

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Well said!
IMO
D

FAR Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 49.5¢		Change -0.015(2.94%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
50.5¢	50.5¢	49.0¢	$204.2K	409.6K

Buyers (Bids)

No.	Vol.	Price($)
2	90141	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	42902	2

View Market Depth

No.	Vol.	Price($)
2	90141	0.490
2	104597	0.485
2	110000	0.480
1	100000	0.475
1	100000	0.470

Price($)	Vol.	No.
0.495	42906	2
0.500	481048	2
0.510	152895	4
0.515	103300	2
0.520	421965	4

Last trade - 14.33pm 04/09/2024 (20 minute delay)

FAR (ASX) Chart