Someone has to pay short term for another FAR management folly but eventually FAR will have to pay the piper.
Deduct the latest cash call from cash in bank as it must be paid eventually and cash is nearing US$60m.
The next cash call could be even more and due within the next 6 months which again will have to be eventually paid.
Meanwhile the rest of the J/V will need to carry the can.
If anyone believes this is a good thing then obviously they still hold and are blinded by that.
The J/V is again being rubbed up the wrong way by this managements antics to stay in power.
Everyone needs to remember management are doing this not for shareholders but to save their own skins.
Surely you guys have learned this by now.
Extremely Rough Value Calculation, page-72
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3338 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 199900 | 2 |
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| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |