I have posted this before and i think it will help see the value of FAS owning GWR shares and also the low value of FAS. Hope you can help.
FAS- 474 372 651 shares GWR- 143 135 763 shares
FAS has 17% of GWR or 24 million shares approx
At todays value of 71.5c = $15 444 000 making 3.25 cents of FAS share price purely on the value of GWR.
FAS at 5.2 cents minus 3.25 = 1.95 cents is the value on FAS for its business and assets.
The market at the momment says $9.25 million would any long termers know the value of assets? I know we are waiting the results but this value seems really low for the amount of goodies in the ground.
FAS Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held