Both companies statements can be true - and are likely to be. The scenario would be that CAP found some court that has no jurisdiction over its agreement with FAR (which is not formed under Senegalese law), and papers were not served on FAR in a correct manner (hence FAR's statement that no papers have been served). FAR did not appear (as papers were not served correctly). The court appointed a representative for FAR and the court issued the lien which is worthless. I belive that something along these lines is highly likely.
My recollection is that FAR's RSSD stake is not held in Senegal but the first sentence of CAP's announcement suggests that it is - or at least CAP argue that it is.
- Forums
- ASX - By Stock
- Djiffere Update from CAP
Both companies statements can be true - and are likely to be....
-
- There are more pages in this discussion • 1 more message 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
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99993 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 314682 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99993 | 0.500 |
2 | 32029 | 0.495 |
1 | 38794 | 0.475 |
1 | 42553 | 0.470 |
1 | 3000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 59301 | 2 |
0.515 | 23257 | 2 |
0.520 | 338616 | 8 |
0.540 | 451 | 1 |
0.550 | 2285 | 1 |
Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online