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WhiteNoise

6,650 Posts.

30/08/16

17:36

Post #: 18800760
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Originally posted by funtimes1 ↑

He said FAR had plenty of scope to increase its interest in SNE during the sales process, if that was what it aimed to do.
“This was an open process for anyone to come in. if you like deepwater, like oil, and working off Africa this was something you would have looked at,” he said.

How do you take those remarks? FAR had a chance to bid for a %. The open process by COP, eliminates thought on a closed deal . Wish i knew more , but this is smoke and mirrors.

Coleman sounded like someone frustrated and I do admire his straight talking , even though he probably will get shot down for it.

Expand

Look it pretty obvious

FAR wanted more but not all of the 35% at 4 bucks a barrel which they probably thought COP would sell for.

But COP selling at 2 bucks a barrel then quite rightly FAR say I have it all.

They could have tried to buy say 15% from COP as COP wanted to sell the lot.

Just strange that CNE didn't want more.

FAR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 46.5¢		Change 0.000(0.00%)		Mkt cap ! $42.97M

Open	High	Low	Value	Volume
46.5¢	46.5¢	46.5¢	$302	650

Buyers (Bids)

No.	Vol.	Price($)
2	26924	46.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	12602	2

View Market Depth

No.	Vol.	Price($)
2	26924	0.465
2	13100	0.455
1	1822	0.450
1	2000	0.435
1	50000	0.425

Price($)	Vol.	No.
0.475	12602	2
0.480	12000	2
0.485	10000	1
0.490	30000	1
0.495	50000	1

Last trade - 10.10am 18/09/2024 (20 minute delay)

FAR (ASX) Chart