pump and dump, page-30

Pezza87

"Maybe I'll get burnt but my cynical approach, it's just a little concerning the see the same patterns repeat with no real wealth being created amongst shareholders."

Healthy cynicism is a good thing. It should be based on excellent research and good judgement. It certainly should not be based on some of the garbage that is posted here.

Real wealth, as you put it, is still some way off for FAS shareholders. Only when the first shipment of ore has been paid for can FAS be called a producer. However, research and judgement should demonstrate to you that the potential value of FAS far exceeds its current MC. We are now one announcement away from being a producer. One announcement that will extinguish ALL debt, remove the reliance on the dreaded 3Bs, provide a stable and secure the future for shareholders and guarantee funding for further development of the SHIP deposits to the North of the current assets. Currently that potential has not been factored in to the SP. The delays have not helped our cause.

The people who are positive about the future are those who have taken the trouble to research the company and its employees and have concluded that things are progressing as fast as possible. Personally, I contact KR every couple of months and I am satisfied that all that can be done is being done. I urge others to do the same - of all the CEOs I contact in my trading KR is easily the most approachable and accommodating. I gave up sharing my conversations with HC years ago because of the irrational negativity that I was subjected to. I also quite liked topping up at the ridiculously low SP.

Every positive announcement that has been put out by FAS has been greeted with a chorus of negativity from the usual suspects. What I find difficult to understand is why a genuine holder of a stock would do their best to discredit any real or potential value of their holding. I can understand non-holders downramping so that they can get in cheaply, but it is mystifying why a holder would want to publicly create uncertainty about their investments. It defies logic.

Good luck to all holders and here's hoping that crucial next announcement is not far away. My pick is it will be before next Friday. Cheers.