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Is cairn even able to just change the plans without advising JV...

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Frumpy

295 Posts.

07/03/17

18:39

Post #: 23165009
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Originally posted by Hotazel ↑

Well, I guess if FAR thought they were fully funded for the "current" dril program, which comprised only of SNE5 & SNE6, the game has changed ( with or without their knowledge). Is this a deliberate "financial squeeze" being exerted on FAR. How is it possible that the JV partners are so wide apart. Are they speaking with each other at all? Surely this exploration well would have been decided on some time ago.. so why not let SHs know if there was a change of plan? probably because they knew the funding issue is definitely going to arise. And all of a sudden the sell down in recent days is explained. The mere fact that "some" are so deep "in the know" is to say the least very worrisome and my earlier question to OdoubleO is now pertinent.

If ever there was a time to come out and declare FAR's financial position going forward from this very moment on, it is right now. Or maybe we will hear from FAR in a different way..

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Is cairn even able to just change the plans without advising JV members?

FAR Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 48.5¢		Change -0.005(1.02%)		Mkt cap ! $44.81M

Open	High	Low	Value	Volume
48.5¢	48.5¢	48.5¢	$4.85K	10K

Buyers (Bids)

No.	Vol.	Price($)
1	31741	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	200000	1

View Market Depth

No.	Vol.	Price($)
1	31741	0.485
2	14999	0.480
1	10000	0.475
3	107553	0.470
1	50000	0.465

Price($)	Vol.	No.
0.495	1786	1
0.500	15000	1
0.510	25000	1
0.520	326386	5
0.530	101005	2

Last trade - 10.04am 07/10/2024 (20 minute delay)

FAR (ASX) Chart