Would it make sense to comment that the environment right now is actually beneficial to FAR.
* No debt with approximately AUD$150 million in cash
* US$300 millions funding is in place
* Exploration could always be shelved to conserve cash
Most importantly:
* Project cost reduce materially? From AUD$4.2 billions to AUD$3.3 billions? By the way I have no idea if this would be the case. I am just assuming because if the current oil environment persist there may not be a lot of work available and therefore a margin squeeze would materialised.
* Once production starts oil price is probably back to US$60 plus
Would it make sense to comment that the environment right now is...
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $9.233K | 18.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19117 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 20000 | 1 |
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| Last trade - 10.02am 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |