We don't know what was on the A4 page that FAR got?
I suspect it was very little.
If it was an offer to buy the Company, "sight unseen", COP Senegal BV, it would fit with Cath's comment " who would buy a company without seeing inside it", the books whatever.
If it was then Cath is right of course, nobody in there right mind would do so.
Remember the price included the liabilities. And you don't get to see what they are. They could be anything.
Secondly of course, that is not what PE is about, PE is only about uplifting the "asset". Not the company.
You may well be right that at the time FAR was caught off guard and was not in a position to PE, but that is irrelevant, the point is they were not given the opportunity to. I believe that aspect is irrelevant history now.
You could also well be right that COP just wanted the money desperately and this was easiest way! Get the money and we will sort out the ensuring mess latter, or thinking that FAR would just roll over and accept it.
Well there is a mess to sort out.
Notwithstanding don't really buy that.
Again though, interesting, as to COP's motives.
- Forums
- ASX - By Stock
- FAR
- Credit Suisse presentation
Credit Suisse presentation, page-43
-
- There are more pages in this discussion • 58 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
|
|||||
Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.5¢ | 49.5¢ | $12.74K | 25.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89162 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 2297 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89162 | 0.495 |
1 | 99999 | 0.490 |
3 | 114597 | 0.485 |
4 | 260000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 2297 | 1 |
0.505 | 88712 | 1 |
0.510 | 112672 | 2 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online