We now have one offer on the table.
And it is a ridiculously bad offer which all shareholders should reject immediately!
I say vote NO because selling it at approx 1.6c per share is blatantly wrong.
I am not against selling Sangomar.
I am against this sale of Sangomar.
The offer price from ONGC was a bad one.
A vote of NO allows...
1. Selling Sangomar for > 1.6c per share
2. find another buyer at greater value.
3. organize debt finance elsewhere.
4. Or potentially FAR goes belly up.
I do not share the belief that we automatically lose. ( It is just not true by itself. It is a possibilty)
We still have 3 months after this vote.
Plenty can be arranged in 3 months.
Ann: Remus takeover offer not proceeding, page-31
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Last
51.5¢ |
Change
0.005(0.98%) |
Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.5¢ | 49.5¢ | $18.78K | 37.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17090 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 103865 | 1 |
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| Last trade - 15.57pm 09/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |