so the choice now is:
1. - eternal hope that Remus provides a legally binding offer within 2 weeks !! highly unlikely
2. - approve the sale of the Sangomar interest to Woodside
3. - vote down the sale to Woodside ---> and go into Liquidation !!!!
So number 2 looks like the only feasible option to me.
Whilst we don't have any confidence with FAR mgt and Board, the funds from Woodside sale will keep FAR alive, and provide funding to continue with Gambia prospects.
A sale to Woodside will also enable FAR to re-list on ASX, which will allow shareholders to bail out - even at a palrty price. I guess realise tax losses prior to 30 June 2021 ???
We don't like it, but not much choice IMHO.
News: FAR Far Ltd Says Lukoil Proposal Not Proceeding, page-3
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47.0¢ |
Change
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Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 47.0¢ | $9.995K | 21.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82233 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 50000 | 1 |
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| FAR (ASX) Chart |