FAR far limited
Add to My Watchlist 3.95% ! 36.5¢

Its all about money. The PE exercise is about attempting to gain...

  1. szaba_the_hut
    15,038 Posts.
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    31/12/16
    09:13
    Post #: 21619247
    Its all about money. The PE exercise is about attempting to gain advantage to either get cash (compensation for no PE) or to get free carry in lieu of cash. Regardless of it being a secret santa sugar daddy or WPL does not concern FAR.

    The company only has cash for next 2 SNE wells.

    It has no cash for Djiffere well or ongoing SNE development. The question is how much dilution will occur in March CR - so I support FAR management mitigating the CR scale by amicable mediation over PE. If they can both secure and farm-out Djiffere for further mitigation of cash requirement then I support that too.

    I feel exposed today but this is a junior explorer - kind of exciting and scary in high risk/reward companies isnt it?
    FAR Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
36.5¢ 		Change
-0.015(3.95%) 		Mkt cap ! $33.72M
Open High Low Value Volume
36.5¢ 36.5¢ 36.5¢ $147 404

Buyers (Bids)

No. Vol. Price($)
4 91524 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 16000 1
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Last trade - 11.04am 16/07/2025 (20 minute delay) ?
FAR (ASX) Chart
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