I can't get my head around why we need to p/e the CNE share if...

First 48 Last

Share
Profile

Follow
Dianella 68

1,810 Posts.

539

02/08/16

16:25

Post #: 18427536
Share

Originally posted by malcolm in the middle ↑

Some have said that perhaps WPL gave the best offer to COP and apart from their reason for departure
from deepwater, perhaps they did take the best offer that was available.

Keep in mind the above paragraph, if we bite off more than we can chew and think we can make a profit
from pre empting and selling a % to another bidder, who`s to say others will pay more than WPL
let alone us trying to on sell for further gains.

Financially we are not in a position to go for any additional % than our share and I feel even then
we are over committing for the extra 10% approx. I still hope a deal can be arranged with WPL,
I am looking for good working honest relationship with a partner, not a lets screw you and take you for what we can get and then work together. Before anybody tells me that is what WPL did, I believe they didn`t, the angst should be with the seller who sold too cheap.

Could you imagine if we had 53%, we would be left out to dry as we certainly couldn't afford our
share of future drilling, I think being too greedy will bite us hard.

Expand

I can't get my head around why we need to p/e the CNE share if they forego.
Let's say FAR was able to p/e early and pay our $ share.
Why would we be required or need to take up the CNE p/e % if they decided they didn't want to proceed at expiry date.
It just doesn't make sense!
Nobody knows what the partnership agreement states do they.
Has FAR ever stated anything regarding
the p/e conditions.
Thoughts anyone?

Jim.

FAR Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

There are more pages in this discussion • 26 more messages in this thread...

First 48 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 51.0¢		Change 0.015(3.03%)		Mkt cap ! $47.12M

Open	High	Low	Value	Volume
51.0¢	51.0¢	51.0¢	$2.55K	5K

Buyers (Bids)

No.	Vol.	Price($)
3	60223	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	12247	4

View Market Depth

No.	Vol.	Price($)
3	60223	0.495
1	30000	0.490
2	32000	0.485
3	83930	0.480
2	70000	0.475

Price($)	Vol.	No.
0.505	12247	4
0.510	129688	3
0.515	3470	2
0.520	30000	1
0.525	30000	1

Last trade - 10.02am 16/07/2024 (20 minute delay)

FAR (ASX) Chart

I can't get my head around why we need to p/e the CNE share if...

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I can't get my head around why we need to p/e the CNE share if...

Top Stories

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News