FAS 0.00% 0.4¢ fairstar resources limited

fourth asx query in 2014, page-9

  1. 138 Posts.
    Hopeful,
    I agree with you with respect to non holders on this site who seem to have a personal agenda.

    However,
    Management are playing right into their hand.
    There is no action that I can see here.
    While it is totally possible that management may well be working on a funding solution or two shareholders have nothing at all to see in the way of results.

    In my view, a little more attention to detail by way of, properly constructed replies to ASX queries and reporting requirements, and a little more transparency to shareholders would go a long way to convincing those that hold that there is a fighting chance while they continue to do so. Lets not forget that the AGM was effectively curtailed due to non appearance of key figures.

    Those who have dumped have done so primarily because they got Zilch from management. May go some way to explaining feelings of bitterness.

    You would think at this apparently difficult time some sort of PR or shareholder interaction would be top of the list. Shareholders dumping and leaving the scene results in lower price, results in an impossible situation when it comes to offering scrip for cash (3Bs)

    I say shareholders deserve some sort of an overview as to where company is at.

    The last activity report didn't really cut it for me.

    A Finance Update stating " We dont yet have a result but we are still active in that area and have not yet absconded to Panama or Mali" would probably add a point or two to the share price.
 
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