only takes two anns to shut everyone up, page-3

It is my firm belief that the next positive announcements will see the SP take off. It makes a lot of sense to me to withhold the signing of an offtake agreement for a couple of reasons. Firstly, if an agreement is announced before NT is settled then it puts the NT claimants in a much stronger bargaining postion. It would mean that they (the claimants) would be the last impediment to the release of finance (given that the mining leases would then be issued) and so any further delays would mean lost revenue while NT is settled. Secondly, the revelation that an offtake agreement had been reached would probably mean a rise in the SP (and therefore MC) which would make it appear that the NT claimants were dealing with a far wealthier company than the current SP would suggest. So, I would argue that on this occasion it might be beneficial for the SP to remain low until NT is settled.

If you are planning on holding on to your FAS shares until the finance goes unconditional or the IO is shipped, then the current low SP is irrelevant, apart from causing some anxiety about your paper wealth. On the other hand, if you are hoping to offload in the near future then these delays are very frustrating and unacceptable. However, things ARE progressing. I recently heard from a friend (yes I know, the cynics out there will be saying you've heard it all before) that sheds and other stuctures were being assembled at a location in Perth, waiting to be transported at a moment's notice. The word was that they were earmarked for an IO operation run by Fairstar (and I don't think they meant the cruise liner!!). Make of that what you will. Obviously, I encourage you to do your own research and remember that the content of this post is all my own assumptions and opinions based on what I have found out from others. Good Luck to all holders.