Yes good job team FAR. Managed to tick over 6bn shares on the...

Yes good job team FAR.

Managed to tick over 6bn shares on the register.

And most importantly they manged to raise at a multi year low share price despite a strong general stock market and a healthy Oil Price and also SNE is as derisked and progressed as it ever has been!

Discount offered for the shares was nearly 5% on the 30 day wvap and there will be 3-4% fees paid to Bell Potter off the $45m, so probably banking net $43m.

FAR did an excellent job promoting the company in the lead up to the cap raise. Lots of recent presentations & announcements on the value of SNE, the exploration prospects FAR has etc etc.

Maybe the 'CNOOC AMI' should have been reworded 'FAR M.I.A.'

How anyone is happy with a 15% raise at multi year lows particularly when the FAR shareprice has performed poorly compared to just about anything else (ASX300, POO, CVN, STO, WPL etc etc) is beyond me.


@zipperlip can I go off more than half cocked now given nothing else of consequently was released with this CR?