FAR Limited Has Implemented Plans for Its Business Continuity and Preserve Cash

  • Mar 25, 2020
  • Team Kalkine

FAR Limited (ASX:FAR) has implemented plans to make sure business continuity as well as preserve the available cash due to the coronavirus outbreak followed by recent crash in the oil price.

The board of the company acknowledged that the current business environment has impacted the company’s ability to deliver work programs in all its assets. Further, the governments of Senegal and Gambian have closed their borders.

Simultaneously, the company is looking to suspend its expenses and preserve its cash until the global climate is more predictable and stable.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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