Why would FAR need to go to the market now to credit raise and run the risk of unnecessary dilution.
All the positive news VR-1, SNE-6, PE will be available long before FAR need to top up.
The SP will have allot of fuel to kick it along during this period.
After that one small CR becomes a reality to get to FID and this will only be necessary if we have no positive PE outcome.We have two additional wells after SNE-6 and then a lengthy period of relatively low cost comprising -
This would then take us to the 1st Phase development (Financed by others not the market)
- Concept design and finalisation,
- Concept approval by Senegal,
- Tender evaluation
- DOC and then FID
and then to first oil and self financing.
AIMO
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |