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ASX leans on Fairstar

IT probably escaped the attention of most people, but not that of City Beat. It was hardly a throwaway line, but the ASX showed a rare display of legal fortitude when it told mining minnow Fairstar Resources that it "reserves all its rights and remedies" in relation to a series of questions it asked of Fairstar as to who in the company knew what, and when, regarding its ill-fated exposure to Opes Prime. ASX confirmed that it had rarely forced its hand so publicly in regard to making its legal intentions clear. But Opes Prime is no ordinary matter and the ASX will continue to let all and sundry know exactly where they stand if they can't give the right response. Especially those in the Wild West who took to Opes Prime like ducks to water.

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