Spoke to BELLS.
The FAR management was in on Monday at bell potter presenting.
They caused a bit of excitement back on the desks.
The $30m is likely placed to instos and we will have a crack at the rest and may get scaled back, will know on Monday.
Bells brokers were very impressed with management. Most placements done before results are generally not a good sign.My opinion, is with this raising was done early to better negotiate with partners and be in a stronger position to hold assets and deliver value to us.
CR-What about Debt raising ?, page-3
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50.0¢ |
Change
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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| FAR (ASX) Chart |