"The shares issued under the Placement are conditional upon gaining shareholder approval at a General Meeting to be held on or around 16 January 2020 and on the receipt of a credit approved Term Sheet for an underwritten US$350 million senior debt facility by 31 December 2019. "
Yes, it's puzzling that the placement went ahead without this condition having been met. And yet, thus far, none of the placees appear to have done anything about it. Nor have FAR clarified the position, although thats par for the course.
I find it hard to believe that the AGM will just come and go without fireworks of some kind. Not long to wait.
News: FAR FAR Says Debt Financing Not Proceeding As Expected, page-100
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.12M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 43.5¢ | $12.21K | 27.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99299 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 190080 | 5 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
44.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 43.5¢ | 44.5¢ | 43.5¢ | 100270 | ||
| Last updated 15.56pm 09/05/2024 ? | |||||
| FAR (ASX) Chart |