FAR 1.03% 49.0¢ far limited

proposed equity raising, page-60

  1. 5,719 Posts.
    lightbulb Created with Sketch. 1600
    Hi ele, of course a cap raise was needed at some point.

    My issue is why at 5.5c, when both the stock market and the POO have been very healthy.

    The SP is at multi year lows and yet the stockmarket and POO are at or near multi year and multi month highs respectively.

    Nic said last yesr at the AGM that 7.5-8.5cents was a disappointing price and undervalued FAR so how and why did we end up raising at 5.5c?

    Management have not promoted the company effectively at all in the last 6 weeks (or is it 6 months) on the ASX IMO, heck even the quarterly came out 5 minutes before the cap raise. The shareprice performance relative to just about anything else is evidence enough of this.

    The quarterly, an investor presentation and an updated Bambo/Saloo resource estimate or similar all could have come out 2-3 weeks ago if FAR wanted them to.
 
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