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CR-What about Debt raising ?, page-21

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godfree2000

283 Posts.

18/10/14

08:22

Post #: 14143450
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Originally posted by JujuM ↑

Amazing posts over the last 24 hours. Thank you all.
I can't add anything except this:
I think that the timing and urgency of the CR suggests that FAR is raising money to go after the two new prospects being released in Senegal.
IMHO FAR is in the box seat for those and wants to leverage their position swiftly. They have the relationships, expertise, experience and initial success in Senegal, and probably best of all some trust with the Government. FAR has single handedly brought success to the Senegalese government. When Shell walked away, FAR stayed. FAR sold in the new partners and have already proven they can do what it takes to develop off shore Senegal. The government and ministers there have already said they want to own more of the development of these block, which is in line with what some other African countries are doing. Building expertise, jobs and companies within their own durastiction as part of their nation building, and not farming all the profits off shore. If I was them I would want FAR front and centre as the first partner in these blocks.
If FAR was successfull in getting these new blocks imagine what it will do for the company strategically, not in the least giving them a stronger position with their current partners.
this is my favoured senario, and I believe this is the only senario that demands such urgency at this time.
it may be that Cath already got a hand shake on this when Senegal announced the discover recently and has gone off to find the cash to help broker the deal.
think of it this way- if my broker had just made me a fortune, would I want to change brokers? Or would I want to stick my next investment in with the one that has already given me success. It's a no brainer...
i reckon we can at least dream about some sweet new licences being announced in the FAR portfolio in the next few weeks, and if that's the case it will be big news.
Giddy up FAR

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Interesting theory

I like it

FAR Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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CR-What about Debt raising ?, page-21

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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CR-What about Debt raising ?, page-21

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

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Buyers (Bids)

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