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.
Love the conspiracies! The contingent payment date is entirely...
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Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.5¢ | $9.096K | 17.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 51345 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 60038 | 3 |
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| Last trade - 14.25pm 11/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |