Also people keep saying that FAR have done an 'excellent job to be in position to get to first oil'. What a joke. FAR has a stake in a world class oil field, not some 2nd or 3rd tier marginal oil field, it is a world class field, FAR was always going to be able to raise equity at a big enough discount and/or low enough shareprice to ensure it could get to first oil.
This type of highly dilutive raising destroys the value of existing shareholders and yet is exactly what has happened.
But what an excellent job!
FAR Equity Raise, page-182
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.5¢ | 51.5¢ | $289.9K | 557.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1960 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 103276 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |