FAR 3.09% 47.0¢ far limited

Yes Cujo the 'beanies' at FAR must have 'tightening lower...

  1. 5,936 Posts.
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    Yes Cujo the 'beanies' at FAR must have 'tightening lower regions' about now...imo.... most here forget the Parent Company Guarantee issued favor the Govt of Gambia covering Samo drill cost... lets say USD35m/ AUD$45m ..... as per announcement 3 July 2017.
    ""FAR has issued a parent company guarantee in favour of the Government of The Gambia in accordance with the Blocks A2 and A5 licence terms""
    Ya posted the license terms a month or so ago.... interesting reading...

    Also of note it took about 3 months from March 2017 to July 2017 for the Gambians to approve FARs farmin.... similar time to approve Petronas you would think.... all the while big costs mounting .... imo

    Now ....redo some calcs and tell me a CR is not imminent......imo
    GL
    DYOR
 
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