falaknaz blunder, page-10

dear find8,

there is no illusion,say I bought 25,000 GWR shares for $1.60 back in august, swapped them for 7 x as many fas shares and I now sit at $1.89 for the same investment, nothing lost, nothing gained in the swap. the only difference is that I now have 175,000 fas shares. every time FAS goes up 1 cent, GWR has to go up 7 cents for me to make the same return... Personally I think FAS will go up 10 cents a share, long before GWR goes up 70 cents a share... you with me so far?

The $2 FAS shareprice you are quoting was as Kate said, a one off price due to it being a uranium listed company. in reality, it's never really held much above a $1...

You see my investment has held at the same price even after switching to FAS, the difference is, GWR has a JORC, FAS doesn't. can you imagine how well my FAS shares will do if they do develop a JORC, while GWR flounders with 86mt...

Now tell me again why I should sell up and buy GWR?

have a nice day
Sir Incognito