The saddest thing about this is that an article in The Australian has done more for the shareprice today than FAR did for itself in the month leading up to the capital raise.
What 'fortunate' timing for the big end of town, up 10%+ in a week on the placement.
Why did FAR not flag this potential sale 2 weeks or a month ago to try to give the sharepice a bump prior to raising?
All of the calcs/values have to be recast using 6,169,387,002 shares on issue rather than 5,461,532,458 which takes the edge off a lot of the numbers thrown around.
A market cap of $600m now equals a shareprice of $0.0937, as opposed to the $0.110 prior to the last cap raise.
Cairn and Far look to cash in on $4bn project off West Africa, page-54
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5356 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
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| Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |