FAS fairstar resources limited

aren't 3b's the same as a share split, page-9

  1. 1,258 Posts.
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    GolfR32,

    Until the the finance facility is unconditional the figures are almost meaningless. The key figures have already been released to the market, all you have to do is a bit of maths to estimate how much income SHIP will produce. The figures that I have worked on indicate that the SP should range from $1- $1.50, once production has been established. DYOR.

    As for your claim of "lack of information", I have seen no evidence of that occuring. If FAS had something to announce then they are bound by ASX and ASIC regulation to report any events. Clearly, there is nothing yet to report - nothing sinster or devious there. Also, maybe it has escaped your attention but there are significant events in world financial markets at the moment. Coupled with volitile IO prices, small speccies like FAS (as well as considerably larger companies) have seen sentiment plummet. The herd mentality has taken over and irrational selling has presented wiser heads with may opportunities. Warren Buffet made his BILLIONS by taking advantage of similar conditions that currently prevail. There have been plenty of positive announcements by FAS in the past nine months, but none had lead to a significant rally in the share price. That will only happen if/when the finance facility goes "unconditional". I do not have my head in the sand and accept that nothing is an absolute certainty. BUT there is NO EVIDENCE that the funding will not be forthcoming. I therefore remain resolute in my stance, a stance that is based on logic, facts and research, not hyperbole and the groundless speculation spouted by some posters who have clearly some nefarious agenda.

    Good Luck to all.
 
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