fas, page-5

Hey S,

Yes I am, have read most of Feist's books and found them most enjoyable but haven't found time to read the last few years too busy with work & study to peddle the whole career progression thing as plan B with various investment strategies coming off being plan A but been a heck of a time to invest in substantial winners on the share market post GFC and still only dabbling with Forex, had a few wins with the OZ shale gas area though but never enough cash on them lol and still watching it closely. It adds some excitement to the working day following investments though and Forex is most active over here in Oz at night. Good pick up on the characters though ;). I haven't read the way of kings but eager to read the last Wheel of Time book which Sanderson has wrote on Robert Jordan's behalf as I would probably admit this is one of my favourite series to date. Unfortunately that has probably stopped him continuing the aforementioned planned 10 book series until recently and i'll add it to my list of book series to read. Feel free to PM for any more discussion on this area.

Keeping it on topic when FAS comes off with the Esperance Port expansion as a supplier and potentially a proponent, I may take more time out to enjoy the finer things in life, as I'll have plenty to smile about :)
I would never at this stage tell anyone to invest in FAS given their woeful state of finances, however
my personal belief is there is too many people (geo's, tenement holders) close to the company that have taken shares in lieu of cash payment etcetera, substantial shareholders with convertible notes overdue etcetera for them not to get up, why hang on as a company without the belief that they will get over the line especially as the ASX has started to give them a hard time about how they will pay their expanding list of dues? Not a comfortable spot for a director I imagine, I also like to keep track of milestones FRL Commodity's foundation documents were submitted in Jersey 31st May 2011 so the 2 year incorporation milestone is upon us soon. Three proponents get shortlisted for Esperance Port and what better time to start a loan agreement than the 1st of July a new financial year. I believe the WA government and more importantly Esperance Port would consider their proposition highly if they have advanced potential of sealing $300m in bond financing from euroclear, would they take the current share price in to account probably not.
Time will tell, could it be another false dawn another imaginary milestone... or the end of a chapter with a new one beginning. I have read all of the iron ore hopeful threads (CAZ, GWR, MDX, RDR, LCY, HAW) at some point or other and FAS is not alone with dejected and down shareholders as it has been a long and inglorious wait share prices have fallen but construction of the Port and thus their fortunes are about to change at least for some of the above, all of share trading and investing in general is a risk, i'm stuck on FAS due to my initial entry point which is now a high risk proposition however no-one can deny it is also still high reward and I have averaged down as well now, hopefully it will not all be for nought.