FAR 2.91% 50.0¢ far limited

Quarterly out soon, page-6

  1. 774 Posts.
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    Yes GO I do understand how JV works, look at the Cash calls on PCL by FAR! look at how PCL dealt with the other cash call they received! Do you understand the timing of cash and when it is required, Comprende my arse, the project spend has always exceeded FAR's cash balance and when they have needed money, they get it from the market. For a smartie shorter like yourself to make a claim that FAR has default on a cash call is misleading at best and yes the market is saying something about FAR at the moment, not so long ago you were calling the SP to drop when we were at 6.8 and now we are at 8.0, lets call that a 17% increase, looks like your call is not so good right now.

    Finally to claim that a company counts money held in a JV account as cash is again wrong and misleading. The JV would not hold large amounts of cash and only make cash calls when bills are due. So FFS stop making stuff up.

    But good luck with your investment.

    Zip
 
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