FAS fairstar resources limited

Ann: ASX Media Release, page-8

  1. 2,040 Posts.
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    Hi Bosswhat, just combing through a few olde post, in aug 2015 "Word is that they were hoping to collect some $10m from all the exploration rebates which they had never submitted".

    The Entity’s announcement entitled “Amended ASX Media Release” released to ASX on 9 July 2015, disclosing the appointment by The Sheldon Coates Superannuation Fund of a receiver and manager over the following property of the Entity:

    c) the entitlement of the Entity to research and development rebates, including but not limited to, the entitlement to rebates for the financial years 2012-2013, 2013-2014, and 2014-2015;

    When I spoke to the administrator they said "hopeful of one more payment" That would cover the 3 years mentioned.

    Are you of the opinion that there may be a windfall of 7m from R&D's still to come? Dont want to put you on the spot though.
 
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