FAR 1.08% 46.0¢ far limited

Shareholders stymied, page-26

  1. 4,711 Posts.
    lightbulb Created with Sketch. 226
    consider:

    over the next 18-24 months, most of the cash, and all of the debt will be spent........forward EV circa 1.1bn

    what does this imply for "financial risk"

    over the 24-36 month period - the operational risk will then start to decline (start of having production history)......

    upside:
    expl success to the South - TBC for timming
    reserves upgrade - post 12-months of prod history ........

    downside
    any capex o/runs
    any delays
    any chg to junior debt terms
    oil price...

    and people wonder why the share price doesn't move


    lolz

    V_H
 
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