We are talking about FAR DB.
I am pretty sure FAR have said they could go it alone.
We are talking about a management that believes they own all of SNE and they have rights to all of it because they found it.
They believe Senegal will back them to the hilt with a meagre 13.7%
That's the explanation.
You know J.V finance would be less than what FAR have not yet lined up.
Honestly the quicker this comes to a head the quicker we all can move on.
WPL have never said they have not bedded down J/V finance for the partners, all we have heard is gridders email saying FAR has said the Macquarie finance is in place of J/V financing.
Whoever is running the FAR show really need to get a grip.
They are gambling like they did with SAMO, hoping for a good result.
I have invested a good some of money in this company, like many others, and I don't expect management to want to pay double interest, which by the way is a mere half we still have to pay if these idiots don't want to sell a percentage to cut the debt needed.
You must be a little bit concerned DB, surely?
I remember when this all begun you were adamant FAR should not take on PE ing the 35% as it would be too much.
Anyway good luck to everybody whatever the results are as its all about getting out of this mess square or in front.
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