That's the 1st post you have made that hasn't been a snipe and it actually made sense.
Now I'll tell you why I think FAS is a good buy and why I have been saying this and that of GWR.
I believe that GWR will be the largest and potentially the highest grade iron ore deposit in the Midwest.
FAS holds 25% of this so when GWR goes through the roof, which it probably will after the next upgrade, FAS will rise along with it's proportional stake in GWR.
Further to that, I dont believe that FAS has given up. Going off todays volume, a rather large monkey may be off FAS's back in the form of the ANZ opes shares. Once these are totally gone, the SP of FAS will move with supply and demand. FAS has had some solid results coming from their gold projects and the oil play can not be too far away.
I am of the opinion that some big player/s came on board with FAS today and I guess we will all find out within 5 days who they are.
cheers
GWR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
