The fundamentals are excellent but the risk profile has gotten slightly worse.
This is/has always been the problem for minnows playing with the big boys.
The money situation is now the real concern,
What might be pocket change to the big boys is a huge chunk of our stash.
We do not have the deep pockets of our partners and as such we are a bit more vulnerable than i would like.
Ya makes the point we should be reasonably safe for the short term but things can and do go wrong.
As much as we hate CR it may well be prudent to try to shore up our cash position sooner rather than later.
I think the market expects one (thus the current share price) so i don't think it is wise to wait too long.
I knew we were lucky to get the previous $40 million away at .11c.
This time round it is hard to imagine we can get half that at .8c?
Hopefully Gordon Ramsay is able to sell FAR to some deep pocketed institutions and they grab this CR as an opportunity to get in very, very cheaply.
As much as it pains me to think like this, it would at least keep us well in the game and maintain a seat at the table.
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19637 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.485 |
3 | 83930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 10000 | 1 |
0.510 | 69689 | 1 |
0.515 | 2239 | 1 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
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FAR (ASX) Chart |