FAR

3.09%

47.0¢ far limited

Ann: Update on Remus Proposal and Woodside Sale, page-133

First 133 Last

Share
Profile

Follow
zacma

2,314 Posts.

593

20/01/21

15:04

Post #: 50310283
Share

Originally posted by jake0002: ↑

all that WPL need to do is to match any 3rd party offer.

to state the blindingly obvious, there is a huge difference between the WPL P/E acquisition of FAR's interest in the Sangomar field, and the potential Takeover offer from Remus.

Obviously, in the asset sale to WPL, the cahs proceeds go to FAR entity - and there is no indication from FAR as to what FAR will do with the proceeds. As I see it, FAR has never indicated that it would do a capital return to shareholders?

In a takeover offer from Remus, the proceeds go to us shareholders directly.
FAR board and mgt do not get their hands on the cash.

Surely, given the experience we have had of the current board and mgt of FAR, seeing the funds directed straight to shareholders would be a a big plus??

an offer under the WPL's PE right just has to be able to demonstrate it is at least equal to, or better than, 3rd Party offers. That's my understanding.
To be "superior", it would not be just about money. It would include things like certainty of finance, certainty/risk of completion, credibility of 3rd party, timing, maybe any approvals, likliehood of shareholder approval etc etc.

If the WPL sale under PE goes ahead, has FAR indicated what they will do with the proceeds? I vaguely recall they will use the cash to develop Gambia?? If so, after the disaster of Sangomar, why would the shareholders be comfortable seeing FAR proceed to develop Gambia? Will we just get a rinse and repeat? Will AFR have learnt anything?

I guess it is not up to us -- it will rely on the views of the big shareholders.

Anyway, at least a resolution of this mess is now pretty much a certainty now.

Expand

In a takeover offer from Remus, the proceeds go to us shareholders directly.
FAR board and mgt do not get their hands on the cash.
Not quite sure what the rant was all about. The share will trade and you can sell.

FAR Price at posting: 1.1¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 97 more messages in this thread...

First 133 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 47.0¢		Change -0.015(3.09%)		Mkt cap ! $43.43M

Open	High	Low	Value	Volume
47.0¢	47.5¢	47.0¢	$9.995K	21.23K

Buyers (Bids)

No.	Vol.	Price($)
3	82233	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	32022	0.470
1	50000	0.465
1	50000	0.460
1	1822	0.450
1	3000	0.445

Price($)	Vol.	No.
0.480	50000	1
0.485	50000	1
0.490	54000	2
0.510	100895	2
0.520	225286	3

Last trade - 15.00pm 27/09/2024 (20 minute delay)

FAR (ASX) Chart

Ann: Update on Remus Proposal and Woodside Sale, page-133

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Update on Remus Proposal and Woodside Sale, page-133

Top Stories

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News