FAR 2.91% 50.0¢ far limited

The Deal, ...and its just started..., page-10

  1. 19,072 Posts.
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    Kfann,

    I agree with many of things you said.

    However, just want to point out there is a danger of playing "Bluff" with one of the big boys.

    They could approach CNE and swallow them up or just buy their interest in this JV (CNE after all have shown interest in selling theirs too).

    And then FAR will be left holding more interest in the JV with Debts, and still with lots of drilling costs ahead.

    Playing a blocking game can be very expensive.

    To play this game, CNE and FAR would need to get together and work out a joint plan.

    WPL have lots of cash and lots of time, especially after their failed attempt at OSH.

    But if FAR management can pull this off, they would have earned every cent of their performance bonus and I would take back every criticism of them, of not adding value for shareholders.
    Last edited by Cosmoterios: 15/07/16
 
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