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2.13%

48.0¢ far limited

Extremely Rough Value Calculation, page-181

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Good Oil

5,936 Posts.

301

07/07/20

05:26

Post #: 45683265
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Originally posted by trimilleniad: ↑

Sorry but the default under the JOA as described by FAR can be remedied and is not the end of the world.as you suggest. FAR are using the letter of the JOA to manage their cash flow and business. Many businesses both large and small do actively manage their cash flow in difficult times by extending payment terms whether the other party likes it or not. The default under the JOA looks like it is being be used to delay payments (at a small cost), in effect a moratorium. Oil price is $43 tonight. If it is $50 in a few months time them FAR may have some options available to them. I do understand the ramifications of default. It only becomes a default if it is not remedied, in which case FAR's interest in the joint venture is lost and it is taken up by the other JVPs. If FAR elect to remedy it then they have only lost 2% of the defaulted amount (2% of $12m at present).

This is survival. You need to step out of your cosy sanctimonious Woodside tent into the harsh reality of FAR world to get a different perspective. Kudos to FAR management (for once).

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Kudos?? Moratorium?? Survival??
I doubt Macky Sall et al,,,, will see it that way....
Sticking it up the Sovereign.... is really smart... NOT!
DYOR

FAR Price at posting: 1.2¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 48.0¢		Change 0.010(2.13%)		Mkt cap ! $44.35M

Open	High	Low	Value	Volume
48.0¢	48.0¢	48.0¢	$75.16K	156.6K

Buyers (Bids)

No.	Vol.	Price($)
3	68600	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.475
1	32022	0.470
1	50000	0.465
1	1822	0.450
1	3000	0.445

Price($)	Vol.	No.
0.485	50000	1
0.490	54000	2
0.495	50000	1
0.500	10000	1
0.510	100895	2

Last trade - 11.48am 30/09/2024 (20 minute delay)

FAR (ASX) Chart