"FAR did not take the opportunity to do a CAP raise, yes in hindsight a very very poor decision."
That would depend entirely on what plans FAR have for financing SNE and they will have a good idea...any cap raise done before SAMO would have been done at a discount and the shareprice would likely be even lower than where it is now given the result and the dilution, the only difference is we would have had a few more dollars in the bank...SNE needs a lot of dollars not a few ...there is rarely ever a perfect solution but raising after a success would have been close.
We have some very experienced people on board and the issue would have been considered seriously and based on knowledge they have and we don't , it won't have been a roll of the dice decision...we should have enough cash to get to FID and a lot can happen in that time....
Cheers Whisky
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M |
Open | High | Low | Value | Volume |
45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 26333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 96562 | 0.455 |
3 | 82855 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 26333 | 2 |
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
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