Woody stymied, page-45

"I don't believe FAR had many options left at this stage of proceedings, but it is rather disappointing how things have played out."

Its never had many options at any stage, when your as determined as FAR has been to take their WI in a project of this size to production with no source of income, it's going to be seriously dilutionary , its simply a fact of life...we will never know whether it would have been less or more if they had chosen to do nothing over the last 5 years ...however with PE, untill its resolved we actually don't know how things have played out ,or will play out going forward , so no reason to be disappointed on that front yet, we still have the 13.7% we started with regardless..IMO FAR has had more supprises than disappointments..it was always going to be tough regardless.

Disappointment is when you arrive at this point and can't get finance, we have always needed it and had no certainty of getting it..

PE has been the distraction that made the real Elephant in the room difficult to see..

Cheers Whisky