FAR 0.00% 49.0¢ far limited

High volume and low price, page-41

  1. 4,719 Posts.
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    Morning all.Possibly not the most auspicious day in FAR's history









    Bloodbath for the biggest shareholders along with most other Shareholders




    n (millions)Avg price paidCost ($m)SP nowValue now ($m)Loss ($m)Loss (%)
    Mer1,916,922 0.06115,015 0.02344,089 -70,926 -62%
    AG834,629 0.042535,472 0.02319,196 -16,275 -46%
    FJ514,463 0.08543,729 0.02311,833 -31,897 -73%



    194,216

    -119,098








    Imputed valuation of Sangomar (assumes no value for anything other thn SNE)

    FAR MC
    250



    Less cash
    168



    FAR EV (15%)
    82



    Imputed SNE EV (100%)547











    Book value of WPL's 35%921 (US$ 617m as per YA /.67)

    This is nearly double the $547m above











    FAR backup plan





    TBA














    Conclusion





    Priced for liquidation?




    Knives being sharpened?




    Something is rotten in the State of Denmark (the Bard)


 
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