Jordy, I am not so sure the shorters will take us to the cleaners if Samo is a dud.
Why do I say this?
Cairn have advised that the explotation plan will be lodged in the next 4-6 weeks but more importantly Cairn have advised that JV funding will be launched in that same time period. I am expecting th JV project finance to be struck on quite/very good terms and it should sort out 50% of FAR's necessary funding commitments for the SNE project. This should give the shareprice a nice kick and set a new price floor for FAR as SNE will still be there regardless of Samo.
FAR Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
(20min delay)