no. I’ve said all along that cne will sell. They had to. 40% was too much. But they weren’t desperate. They’ve secured an ok price. Probably a small loss. But they’re out. Difference is FAR is desperate. They’ve already defaulted. Plus their stake isn’t of much interest to big buyers. Sure they can sell it. But they ain’t gonna get $150mill for it. I’d guess at $75mill. Not long to wait.
Cairn sells 40% share to Lukoil, page-38
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.8¢ | 48.5¢ | $170.0K | 347.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83716 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 25472 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |