As you are the person who feed us with daily emails from Ian.
I am assuming you are a shareholder, like most of us here.
And as a fellow shareholder like yourself, I have these questions for Ian:
1. Explain why FAR is the ONLY one seeking an "Amicable Solution"?
2. Does "Amicable Solution" mean FAR wants to be paid out for its PE right?
3. If not (paid out for its PE right), does FAR intend to PE and does it have a backer or backers to PE?
4. How does FAR intend to force WPL to disgorge of its investment in COP Senegal BV?
5. I note, there is a provision to spend 7M for this December quarter (Sept Quarterly Cashflow statement) under Exploration category - is that our legal and consulting fees in relation to this mediation process?
6. If not, what is it for ?
a). We are not conducting any exploration at the moment (not until next year)?
b). And we have already paid the $13.1 M for exploration owing to JV partners (under current liabilities in the balance sheet for the year ended 30 June 2016) during the September quarter.
7. If that is indeed our legal and consulting fees per quarter, how does FAR management intend to pay for our mediation costs (especially when there is no end date) and drilling costs going forward?
FAR Price at posting:
7.1¢ Sentiment: None Disclosure: Held
(20min delay)