I think there are 3 possibilities here IMO.
1) the ship is leaking again and the finance deal has been signed.
2) The market is re-rating Fairstar from being the ASX dog to a real potential miner
3) The offtake partner is taking an on market stake in FAS.
I topped up today for the first time in over a year, and my average is around 6c. As I am holding millions of options and millions of shares, today was a huge day for my portfolio and I feel that it will keep going if teh good news is on teh way.
Appointing a rail specialist is a sure sign that they are finally fair dinkum after bungling so much over the years.
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