DB "Also FAR have never said they would or would not PE........all they have said is the notice was not compliant."
was thinking about this, this morning: If FAR states that they intend to exercise their rights to purchase the additional 35% if they win arbitration, would imply they have all the information required to make the decision to purchase the additional 35% before the arbitrator decision. Therefore no chance of winning arbitration because they are arguing they don't have the info.
The line they have stuck too is we don't have the information and once we get it we can make a decision on whether to purchase or not. Therefore FAR has three possible outcomes
1. they win arbitration and purchase the 35%
2.they win arbitration and decide not to purchase the 35%
3.they loose arbitration
Regardless of the outcome I am expecting a price re-rating once we get to FID and funding is resolved. FID was always earmarked for 2018, but now 2019. The time its taken to start arbitration IMHO has delayed FID until next year. Now the process has a firm time frame FID I hope will not slip any further away. COP may be dragged kicking and screaming to the table but that can only go on for a reasonable amount of time.
ZIP OFL
- Forums
- ASX - By Stock
- FAR is not an Oiler but A Litigation Funder!
DB "Also FAR have never said they would or would not...
-
- There are more pages in this discussion • 3 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
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47199 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 54 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7469 | 0.505 |
2 | 70000 | 0.500 |
3 | 56793 | 0.495 |
2 | 11900 | 0.490 |
2 | 92553 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 100000 | 1 |
0.525 | 19005 | 2 |
0.530 | 1005 | 1 |
0.550 | 27285 | 2 |
0.555 | 10000 | 1 |
Last trade - 08.37am 17/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online