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1.06%

47.5¢ far limited

bank finance will surely be more readily available if cash flows...

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Rossco42

472 Posts.

73

10/12/19

21:00

Post #: 41898934
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Originally posted by Ya: ↑

I think u'll get 1 more CR most probably around early to mid 2022 when there's a fair chunk of Capex outgoing for Phase-1 (pls refer slide-8 frm the 30th October Presentation). By then the company should have a good grip on the cash outflow & should b closer to production, so SP should have moved from its current levels when Development drilling starts off by the Black Rhino. Question is will they do provide regular updates to the mkt or just bundle in the drill progress in the Qtrly ? Thank god for MarineTraffic.

Also I think there will b more clarity for the mkt to grasp the status quo of the project, i.e
- FID,
- P/E decision,
- Equity sale or no sale,
- Govt in at 18%
- Overall Funds in place

Ballpark estimate for FAR should b USD28mil + Contingencies of USD68mil. And at some point they can consolidate the SOI. So bunker down as the shrapnels fly. Note, I haven't considered drilling expenses for wells in Gambia or GB, just Sangomar (Ph-1).

PS: Sometimes its not the size of a Dog in a fight, its the size of the fight in a Dog that matters - MarkTwain.

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bank finance will surely be more readily available if cash flows are only 1 year into the future in 2023 right?

FAR Price at posting: 5.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 47.5¢		Change 0.005(1.06%)		Mkt cap ! $43.89M

Open	High	Low	Value	Volume
46.5¢	48.0¢	46.5¢	$110.3K	234.9K

Buyers (Bids)

No.	Vol.	Price($)
4	217746	46.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	68975	2

View Market Depth

No.	Vol.	Price($)
2	107000	0.465
1	30000	0.460
3	135000	0.455
7	328578	0.450
1	30000	0.445

Price($)	Vol.	No.
0.480	10000	1
0.500	3792	2
0.520	25000	1
0.550	12285	2
0.600	3176	2

Last trade - 16.10pm 24/06/2024 (20 minute delay)

FAR (ASX) Chart