Nice post as always OOO
Regarding your paragraph on T/O
Of course a TO could happen anytime but I doubt it for too many reasons that I care to unpack right now.
But what is becoming more and more possible is that COP take a large stake in FAR. With its share price as low as it is COP would get better bang for their buck buy buying a 20% parcel of FAR. This would effectively give them the controls they need to drive the development program of Senegal. Why buy the company when you can buy a controlling stake at a very low price.
There would be something kind of nostalgic in the idea, as COP has roots in WA and Australia, it would be very fitting for them to take a controlling interest in FAR.
Just my opinion of course, but this would be the company transforming event that prehaps CN dreams of at night.
It could also be why They brought in Ramsay who would be the ideal person to negotiate such a move.
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3 | 56793 | 0.495 |
2 | 11900 | 0.490 |
2 | 92553 | 0.470 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
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0.520 | 100000 | 1 |
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