Got to have some skin in the game to be taken seriously. The amount of negative posts from non holders means they all start sounding alike. Since when does a share price reflect the intrinsic value of a company, if so a lot of companies on the asx are in a world of trouble currently. What was the market cap when FAS was over $1, it was over $30m when 5c 18months ago since then they have destroyed their own share price with 3b's. What was FMG's share price it was a couple cents pre funding deals. The amount of companies I have seen stretched to the limit and still secure finance in the end means finance companies look at the business case not the current share price thankfully. Keep looking at the share prices you'll never see true value with that method.
I believe FAS have a strong business case, I also think it possibly to do a SIR on SHIP Norths drilling results if they have 100mt DSO sun baking that'd be good for $10/t in ground. Not saying they could do it in 6 months or whether the market hype would boost it to 100 bagger but it isn't out of the realm of possibility. I'm sorry to say if it goes North of $1 definately $2 I'm out. I'll come back in once it again falls to earth pre-production like SIR the retrace has been just as rapid.
FAS Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Held
