FAR 1.94% 50.5¢ far limited

Hi all, This is the CR we have to have, and we knew it was...

  1. kkw
    7,144 Posts.
    lightbulb Created with Sketch. 699
    Hi all,

    This is the CR we have to have, and we knew it was coming.

    I know that no one is happy to dish out money, BUT, by 2020, FAR would have a revenue of $800,000 per day everyday (and that is on a unsuccessful PE). To reach that you need capital, so tell me a way of how you can generate that sort of cash flow and not have to put out any money and I'll go with it everyday. I am not happy with the dilution either.

    The CR was fully subscribed by lunch time yesterday. I rang. So that means there are a lot of people wanting to be in. You can ask the question why they don't simply buy on the open market? Simply because if you buy that many shares on the open market, the SP would have gone right up.

    If CVN is anything to go by, the SP will probably go up a bit, hopefully. We have the AGM in 4 weeks. We can ask all the hard questions then. I am just waiting for July. I am sure WPL would be too, except that they'll be sweating.

    KKW
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
50.5¢
Change
-0.010(1.94%)
Mkt cap ! $47.12M
Open High Low Value Volume
52.5¢ 52.5¢ 50.5¢ $45.91K 88.72K

Buyers (Bids)

No. Vol. Price($)
3 12202 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.5¢ 1257 1
View Market Depth
Last trade - 14.14pm 28/06/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.