At least we have a valuation for FAR. If you add the WPL sale price to FAR's cash on hand it is forecast to be US $130M. Then add the potential US $55M if oil trades at US $60bo and production commences on time then WPL's fair value should be US $$185M (AUD $242M) which equates to 2.4c per share with no valuation for FAR's other assets.
The fact that this bid is very close to the meeting and no other offers have materialised I see the potential for other bidders to be low with the exception of WPL. Will WPL counter offer is the big question.
Ann: Remus Non-Binding Indicative Proposal, page-10
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $1.49K | 2.951K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47049 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
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| Last trade - 14.51pm 05/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |