If you remember the 2015 AGM the Chairman said FAR needs to always be in a position of strength. The capital raising does that. Whilst they currently will have around $90 M Aus, $30 M Aus will be gone by the end of the year to pay for recent activity.
I expect if they tried to raise at above 8.5 cents they wouldnt have raised anywhere near $60M. So unless something left field comes about, they shouldnt need to raise for a while. I see that as a positive.
If you remember the 2015 AGM the Chairman said FAR needs to...
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
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| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |