Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 0 DATE CommentsCRs, JV, asset sales A$ Total Cash A$m Shares Issued m SP c MKt CAP A$m 1 2012 March CR 280m @4.3c 15m 2,499 4.3 107 2 2012 June Qrtly 33.6 3 2012 Sept Qrtly 24.5 4 2012 8th Oct Asset Sale Carnarvon ?? 5 2012 Dec Qrtly 17.35 6 2013 March 19th Senegal Farm out -Cairns 7 2013 March Qrtly So Zero Hour for Senegal 14.76 2,499 4.3 107 8 2013 June Qrtly Senegal bond return 5m 18.6 9 2013 Aug 1st Senegal COP farm in 10 2013 Aug 8th Senegal US$4.8m Rec Cairns 1st of 2 payments ~ 5.33m? 11 2013 Sept Qrtly Additional $$ received to make up $8.11m for Qrtr 2.77m? 25.7 12 2013 Dec qrtly 23.55 13 2014 Feb 11th Senegal 2nd US$5m rec Cairns JV partner ~ 5.3m? 29.6 14 2014 March Qrtly Additional $$ recieved to make $7.3m for Qrtr 2.0m?? 27.15 15 2014 April 17th Senegal Drill Commences 16 2014 June 2nd CR 200m @ 4.0c 8m 2,699 17 2014 June 30th Est cost overrun to FAR of $24.2m for FAN-1 18 2014 July 28th Senegal Resume drilling 19 2014 June Qrtly JV cost received 9.57m??? 9.57m? 42.7 2,699 20 2014 Oct 7th FAN-1 Sig Oil Disc. 21 2014 Oct 20th CR 425m @ 11.0c 46.8m 3,126 22 2014 Nov 10th SNE-1 Sig oil Disc. 23 2014 Dec Qrtly 67.22 3,126 24 2015 March Qrtly 52.53 25 2015 June Qrtly 43.57 26 2015 Sept Qrtly 38.92 27 2015 Oct 23rd CR ~500m @ 8.0c – Place & Entitlement 40m 3,693 28 2015 Dec Qrtly 60.67 3,693 29 2016 March Qrtly 31.68 30 2016 April 15th CR 706m @ 8.5c 60m 4,413 31 2016 June Qrtly 66.27 4,461 32 2016 Sept Qrtly 50.51 33 2016 Dec Qrtly 46.98 7.5 334 34 2017 March Qrtly 35.3 35 2017 April 6th CR 1,000m @ 8.0c 80m 5,461 8.7 475 36 2017 June Qrtly 91.3 5,461 7.6 415 37 2017 Sept 22nd 5,461 6.8 371 38 2017 Sept Qrtly ESTIMATE $28m outlay 63.0 5,461 39 TOTAL CRs & Shares Since March 2013 – assume all on Senegal 234.8m 2,692
Well good day Farites - and while doodling i decided to collate the financials and certain significant dates to see just where FAR is in the scheme of things since i bought more on the close on friday and 6.8c - thoughts were i need to see if what has been spent and what has been found makes sense at 6.8c
so March 2013 seemsto be the zero hr for FAR in terms of Senegal - it had $14m in the bank and 2.5billion shares on issue
Fan-1 nearly stuffed them, and when u consider the numbers and were to say the actual discovery cost for SNE alone would be so low given FAN1 and 2 soaked up a shit lode of the total 234.8m raised to date.
take away the last qrtly estimate of $$ out the door - hopefully the last related costs to drilling and then also look that they still have $61m in bank - so in reality FAR have spent approx $170m to define the SNE resource - but as mentioned above far less if you were to count out the costs of the FAN drilling - but u cannot at this stage until you better define the resources to 2C status.
It certainly shows that only the 200m shareholders of the 4.3c CR in June 2014 are ahead and ALL the other takers at 11c, 8,5c and 8c are well under water - AND we have discovered a significant asset.
my at this juncture a whole lot of people are wondering what will it take to get some sort of return on FAR just like many of us on HC
hope the figures are of use to some to play with while we await the sparkling return to form of the sp!!!
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RAIDEN RESOURCES LIMITED
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