FAS fairstar resources limited

$1.00 price target, page-8

  1. 868 Posts.
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    Rumbai and Davo,

    thank you for supplying your figures and giving an estimate of the share price once funding is secured, however, you forgot one major factor in your calculations. Fas still has to secure 64 Million in additional funding, we don't know for sure what percentage of our 50% we will have to give away to secure that funding. We could end up with less than a 30% stake in SHIP once everyone putting up money has taken their cut.

    I'd be very surprised if the share price ever gets about 15-20 cents in the forseeable future, they have diluted the share price so much, and sold off most of the Farm before we ever get started.

    Regards
    Incognito
 
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