Explained on 2/3/16
the r&d return form part of the limited receivership and are 3
being 2013 2014 2015 the are worth about 1m each
the receiver has 2 of them which we assume were handed over to sheldon coates as he put fas into the receivership for about 2m to 3m ish . That leave 1 or roughly 1m this may be enough to extinguish the outstanding to SC and have some some surplus which will be in the hands of the receiver.
I am not aware of any other R&D returns.
There is a list of companies who have continued to provide services to FAS without payment.
Firstly the limited liquidators will take a slice , accounting firm for fins, possibly legal fee the way litigation has gone on with no income to show etc etc. Kalgoorlie council in for 600,000$+
Also the most recent court hearing as posted.
The list would be in the 1,000,000$.............BUT there is gold in them there hills and plenty of IO.
If we are to believe the recent announcement and quarterly's a substantive announcement regarding finance that will take us in production has been upgraded from soon to shortly.
I am tentatively positive that it will happen. Say what you will about KR but Madhu has signed the quarterly's which included the update on finance.
FAS Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
