Simon Mawhinney, portfolio manager at Allan Gray, a 12 percent shareholder in FAR that has been calling for the deal funds to be returned to shareholders and the company wound up, said: “The blatant disregard for shareholders’ wishes is unbelievable.”
“We want our money back,” Mawhinney added.
But Chief Executive Cath Norman said Allan Gray was “only one of our shareholders” and noted that FAR had not in any case ruled out returning some of the funds, while keeping some for an upcoming well off The Gambia.
Guy asking for return of the money:
https://russellinvestments.com/au/pages/australia-summit/2019/speakers/simon-mawhinney
https://www.allangray.com.au/b/person/simon-mawhinney/
Bambo-1 worth waiting for IMHO, page-40
Add FAR (ASX) to my watchlist
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 45.5¢ | $120.5K | 262.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 178685 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 31400 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
46.0¢ |
Change
0.005 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| 46.0¢ | 46.0¢ | 46.0¢ | 13094 | ||
| Last updated 15.58pm 04/06/2024 ? | |||||
| FAR (ASX) Chart |