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52.0¢ far limited

Phil, We will only make money if we embrace somebody else (via a...

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Cosmoterios

18,586 Posts.

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27/03/20

12:19

Post #: 43731325
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Originally posted by PhillW: ↑

Unless all 3 substantial holders were onboard with a cap raising, meaning their willingness to participate to lower their respective buy in costs then the raising would be scuttled and the board replaced. I have listed below in order of probability that I think corporate events could take place;

1. Partial or total sale of Sangomar (Management self preservation)
2. WPL takeover
2. Merger
3. Dilutionary capital raising (Goodbye current management)

Far would need to sell down to 5% to stay in the game. Assuming US $65/bbl and little to no debt then FAR's NPV would be circa US $340M or around 5c per share in 2023. A 3c takeover today still looks attractive especially if you consider that any investment in a good quality company has the potential to double in the same period. Obviously if oil is lower or higher then that would affect the NPV calculations also.

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Phil,

We will only make money if we embrace somebody else (via a TO).

This mob ain't making money for us.

FAR Price at posting: 1.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
52.0¢	52.0¢	52.0¢	$1.562K	3.004K

Buyers (Bids)

No.	Vol.	Price($)
1	17440	51.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	22471	1

View Market Depth

No.	Vol.	Price($)
1	17440	0.515
2	35000	0.510
2	45521	0.505
2	33878	0.500
1	30000	0.495

Price($)	Vol.	No.
0.540	22471	1
0.550	82295	3
0.600	25953	2
0.610	2000	1
0.000	0	0

Last trade - 15.41pm 09/07/2024 (20 minute delay)

FAR (ASX) Chart