Love the conspiracies!
The contingent payment date is entirely out of the control of FAR management (as you have insightfully figured out, I'm actually the CEO and not a retail punter, so I can assure you of that). It is dependent on first oil production, so up to Woodside.
The strategy is wait for first oil, then liquidate when FAR can get a more favourable discount rate on the sale of the CP, and in the meantime try and get some money for remaining exploration assets. Pretty straightforward.
Ann: Results of Meeting, page-24
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.0¢ |
Change
-0.010(1.92%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 51.0¢ | $2.55K | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10111 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 215776 | 5 |
View Market Depth
| Last trade - 10.02am 14/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |