Selling up is a good option. You get to unlock the value without the mismanagement destroying shareholder value.
By the way, junior debt is not 12% interest but FAR has assumed it will be 12.5% over libor (2%), so the rate is actually 14.5% interest on that 150m USD facility... if they can get it at that rate at all that is. It could be lower or higher, but I doubt it will be lower given where it ranks.
Shareholders stymied, page-28
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.0¢ | 44.0¢ | $79.01K | 176.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90149 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 26260 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
Change
0.000 ( 2.27 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 45.0¢ | 44.0¢ | 77116 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FAR (ASX) Chart |