Kosmos etc, page-75

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TinFoilHat

171 Posts.

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22/10/16

18:18

Post #: 20053268
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Originally posted by phillip321 ↑

Interesting post. I'm clueless on TA. The idea of a WPL stake is a fascinating one but without saying too much I think you're downplaying some of the cultural issues and assuming rational behaviour which in my humble (and probably biased) opinion is currently AWOL. A conventional approach would be not to try and duke it out etc, but to cut a deal on the PE - i.e. split the difference and let FAR have some but keep the bulk. That would be second prize (the first being them taking the lot which I think is looking unlikely). Taking a position in FAR would be well down the list I think and would require some painful implicit acknowledgments.

The funding monkey is well-described as is your description of predictability and I completely agree. It's an interesting dilemma. So should they for example take the lot and flick it all with a risk free back-to-back and solve their funding issues for a very long time (i.e. exercise and sell immediately and clip the ticket)? Or is that short term gain for long-term detriment? Sometimes the market is stupid and shortsighted. To my mind who cares is we get a bundle of cash if that means missing the chance to buy so much at such a depressed price AND the chance to end up with sufficient % to be a better M&A prospect. 15% is not enough.

You needn't worry about the wells or trump. And if they were to PE the lot I think the market would embrace it very positively.

Anyway, just my two cents worth.

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Thanks Phillip 321. You're bloody awesome.
Until there is an official announcement from FAR regarding PE, all scenarios are still possible.
Certain posters with their own agendas use the professional and necessary silence from FAR management, to start their own rumours and put doubt into investors minds.
I have invested on the known facts. Not what may happen. I sleep well at night.
Let's stay positive.
Haters are gonna hate.
Winners are gonna win.

FAR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
23 Upvote

0 Great analysis

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