cap raising, page-17

Kiril,

I will definitely participate. You can't buy more than 100,000 shares at any point in time, which means it can easily go $10 per share once they announce the start of production. The company can't delay production for much longer, as there are Asian shareholders on the Board who pumped in serious cash in this company a few years ago now. They must be expecting a good return on their investment, not in 3-5 years time, but within 12 months.

I think they will soon get a permit to drill 10M/t per year, and then you will have $1Billion cash flow every year. With an estimated conceptual resource of 470MT this is a really big company and an amazing opportunity.

Except for FAS shareholders that is, because FAS sold its shareholding for $1.35m. As you can see, it's either a complete fraud, or this transaction is somehow connected with FAS' finance deal.

Cheers
Kate