It was rumoured CNE would on sell 20% to WPL as an add on to the COP deal and that this was the reason why CNE never took up their PE option. At that time CNE were fighting serious tax liabilities and a seriously depressed oil price.
By disputing the COP deal FAR increased it’s chances of survival by effectively putting a spanner in the works of that arrangement.
The stand over bullying tactics continued unabated since the COP deal was struck over two years ago but at least now this will be replaced by an independent decision on what constitutes fair play.
This is the best situation FAR could have hoped for under these circumstances so hang in guys it’s nearly over.
AIMO
It was rumoured CNE would on sell 20% to WPL as an add on to the...
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 49.5¢ | $16.90K | 34.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17623 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
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| Last trade - 15.43pm 17/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |