"The capital raise was completed at a 6.6% discount to the...

"The capital raise was completed at a 6.6% discount to the company’s last close price on 12 April (9.1 cents) and an 11.2% discount to the 5 day volume weighted average price to 12 April 2016. Given the tough market conditions, it was very pleasing that FAR did not have to deeply discount the share price to complete the capital raising."

But at a 15% discount to the 10c price that had been established before the astute investors got wind of the CR

.....and at WHAT discount to the perceived "fair value" of the company ?? Malcy says FAR must be worth 20 on a bad day that makes for a 57.5% discount.

Sure, SH's can now go out and buy more at the issue price, but all our existing shares have been devalued to the new baseline set by this CR.

"Heavily oversubscribed" = should have done much better.

Fisho