Just woke up to the news....
Well, I thought we would retain more than 20%. Such is life. I am a little disappointed but as Auscan posted it would have been worse if we had started from a position of 30%
As for the cap raising, that is the most disingenuous, cynical play I've seen in some time. I can see ME now, proceeds in hand, walking around some godforsaken backwater in the USA, sniffing the air and saying "there's oil and gas down there, I feel it in my bones!" before handing over more "working capital" for another duster.
With Shell committing to the program maybe the Chinese will launch a grab for FAR's remaining 20%....
trading halt now, page-18
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 50.0¢ | $2.305K | 4.609K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17688 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 88712 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |