Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

2.17%

47.0¢ far limited

Uncertainty Confidence & Fundamentals, page-12

First 12 Last

Share
Profile

Follow
ric81281

742 Posts.

1

30/04/17

17:09

Post #: 24365340
Share

Originally posted by whisky49 ↑

So assuming we arrive at FID with our 15% intact and down to the last few million how does FAR fund development ?

The most obvious is an asset based lending facility, which with no other cash , would be in the vicinity of $AU 4-500 mil, with capital repayment starting at first oil , they may even be able to capitalise interest payments during that same period..that's well beyond my expertise and someone may be able to comment on that..

We could get some help from the IMO or the world Bank, there are precedents.

An off take agreement is also a possibility.

If the Shareprice was much stronger then raising cash is another option combined with anything above, in fact would probably be a requirement when borrowing..

Selling down a % of our WI is not out of the question either.

In the meantime a PE success could alter all of the above, as could a number of other possibilities..such as a successfull result with DJ, Southern FAN or A2 .

So there are plenty of variables or combinations out there and they will become clearer as we go forward...

The main thing for FAR is to get to that point without requiring more cash and it appears we are in that position...

Cheers Whisky

Expand

Agreed WHisky.
As Fred would have said -- " we don't know how lucky we are "-

FAR Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CU6

Clarity progresses SECuRE trial with positive safety results

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

3 stocks with antimony news on Thursday

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

There are more pages in this discussion • 4 more messages in this thread...

First 12 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 47.0¢		Change 0.010(2.17%)		Mkt cap ! $42.04M

Open	High	Low	Value	Volume
45.0¢	47.0¢	45.0¢	$55.33K	120.5K

Buyers (Bids)

No.	Vol.	Price($)
1	2600	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	30260	4

View Market Depth

No.	Vol.	Price($)
1	2600	0.460
3	93662	0.455
3	82855	0.450
1	50000	0.445
1	50000	0.440

Price($)	Vol.	No.
0.470	30260	4
0.500	10000	1
0.510	476276	5
0.515	103300	2
0.520	421965	4

Last trade - 11.33am 12/09/2024 (20 minute delay)

FAR (ASX) Chart