Gridder, I see what you're saying, and I hope you're right, but as I see it In exchange of the farm in option does not mean in exchange of the farm in. Think about tradeable options on disallowed, you can pay cash in exchange for the option [to purchase a share for a given price before a given date] but you have not bought the share when you bought the option. Exercising the option is not the same as acquiring the option. IMO exercising the option would be FAR making a commitment to drill by July 2018.
But that said, you could well be right, and the correct meaning could be lost in the 'transcription' of media reporting and HC posting and use of sloppy English. If 'exercise' actually means 'purchase' or 'acquire' then we may well have secured the option by doing the 3D, and the option is truly exercised by doing the drill; i.e. if we do the drill we get 75%, if we don't, we get nothing and presumably Trace/Cap keep the 3D data.
- Forums
- ASX - By Stock
- CAP Energy DJ Purchase etc
Gridder, I see what you're saying, and I hope you're right, but...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31741 | 0.485 |
2 | 14999 | 0.480 |
1 | 10000 | 0.475 |
3 | 107553 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 326386 | 5 |
0.530 | 101005 | 2 |
Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |