only hope, page-4

Icesmooth- the only news the market wants to hear now is cash flow- finding small quantities of oil, gas, gold or iron ore might have appealed two years ago but the reality right now is falling markets and potential falling metals demand means that the only hope for companies is to have a bankable, payable resource. PMM want GWR's iron ore, Rio may now show an interest in it, so GWR becomes a takeover possibility for real companies. There are not many bidding for control of fairstar. FAS has lost its opportunity, if Fairstar could see off PMM's bid for board room position and or control, PMM might sell its holding to FAS, if they don't FAS won't get GWR unless it gets the cap raising through. Any shareholders who vote for the GWR cap raising are definitely shooting themselves in the financial foot- it would mean first a dilution in value immediately followed by a FAS takeover further diluting their value.