Not so Whisky. To use the poker analogy, WPL is in a side bet with COP. The terms of their agreement would almost certainly have included an obligation on COP to do all things necessary (if any) under the JOA to enable the shares to be transferred to WPL. If COP has stuffed up the process and that leads to WPL missing out, WPL will be entitled to damages from COP for breach of contract, the measure (amount) of the damages being the difference between the agreed purchase price and the actual value of the 35% interest in SNE. If posters here are to be believed, that number is about $1m. Quite a significant side bet I would suggest. What it means is that COP will not/ cannot afford to lie down to FAR.
Fisho
Article in Australian, page-216
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21776 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |