the market is "putting a gun" to the heads of FAR management:
viz:
mr market can count - and recognises that the entity is short 120-150m.
the company can:
sell some of its stake in the underlying asset (and reduce the amt the 3 banks have pledged.......) - THIS DOESNT SOLVE THE PROBLEM
raise subordinated debt - which will be problematic / expensive in the "shut" corp debt markets
issue some form of convertible security - which would MAGNIFY THE FINANCIAL RISK to ordinary shareholders
raise ordinary equity
or put the company up for sale.......
I vote for the last option........management may have other ideas.......
stock is now "cheap enough" from an asset perspective that its probably a Spec Buy........(financial risk withstanding)
if there is some sort of c/note issue (depending upon terms) - it would be "run, not walk......."
rgds
V_H
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $2.305K | 4.609K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17688 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 88712 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17688 | 0.500 |
1 | 89162 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 160000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 88712 | 1 |
0.510 | 100000 | 1 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
0.525 | 118000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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FAR (ASX) Chart |