34232
You seem well informed and sensible ... I like your suggestion. That's what I am hoping for ... a placement rather than a discounted CR when funds are needed, and at a premium! In the absence of any real information pointing to the supposed "cash call" I expect that FAR can pay its way for the 2 definite appraisal wells as they have stated. And that should be enough for DOC and then its a new ball game.
If not a placement (to our backer ... Total perhaps??) then I hope that funds can be raised as part of a "PE deal". This whole PE wrangle plus FAR's "commerciality statement" HAS to be aimed at securing our financial future in the project. I am confident that our managment is focussed on this and "adding value" for shareholders.
H
Cairn Update 17 Jan 2017, page-28
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