Davy Boy. WPL are able to finance FID through their own cash flow (If the BOD can sign off). They thought FAR could not raise finance, and probably towards the end worked pretty hard to ensure FAR could not raise finance (PE would have then become a non event).
Chass It wasn't that FAR were poor at raising finance. Meridian IMO has played the FAR retail shareholder pretty well and shorted the shares thereby reducing their initial entry price and ending up with a fair percentage of FAR via the present capital raising.
Someone recently posted don't worry about FAR. I expect FAR will now survive. but the dilution with 10 B shares on issue is substantial (eg $500 M asset growth will now equate to only 5 cents per share).
IMO & DYOR
Davy Boy. WPL are able to finance FID through their own cash...
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |