If you have read the Dec Qtrly, you will notice FAR is required to spend USD $42M for the quarter ending 31st March 2020.
That means FAR is now down to about USD $70M. Given the rate of expenditure, it looks like FAR will need another USD $42 for the next quarter.
However, FAR still have not secured Senior Debt finance - they are still waiting for the syndicated banks to come onboard.
This is what is concerning the market - the "Junk" credit market is virtually closed for now.
And if FAR can not get Senior Debt Finance very soon, they are going either sell SNE or do another CR.
AIMHO.
Oh, I should add, I put in an oder at 0.009
Are we at bottom?, page-17
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50.5¢ |
Change
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Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
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| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |