FAS
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0.00% 0.4¢ fairstar resources limited

why doesn't the funding group buy up some of the defaulted debt...

  1. whiplash
    53 Posts.
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    11/06/13
    11:45
    Post #: 11870698

    why doesn't the funding group buy up some of the defaulted debt and ask for immediate replacement as its already overdue.

    fas has already used up its ability to issue more shares and has $10 million in debt there's no way they can repay that at short notice.

    why pay 260 million for half when you could pay $10m for 100%?
    FAS Price at posting: 1.3¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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