FAS 0.00% 0.4¢ fairstar resources limited

.7 cents why?

  1. 3,611 Posts.
    lightbulb Created with Sketch. 91
    failed bids to get finance to start the mine

    expensive excessive debt

    legal issues over failure to pay debt

    no cash

    3Bs being the only way of funding working capital requirements

    excessive management fees/wages

    the auditors report casts doubt about the company being able to continue without successful financing

    shareprice fallen from a high of 4.7 cents in August last year to now 0.7



 
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Currently unlisted public company.

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