I have been around long enough not to get too excited by the Kal rumour mill, but it does seem that there is a fair bit of positive speculation regarding FAS doing the rounds ATM. FAS, historically, finds it very hard to keep a secret and so an announcement looks imminent. It would make sense that there has been an offtake agreement been signed and that company final due diligence is close to completion. If that is the case then the $300 million will begin to drip down and the long awaited SHIP project will be launched. As usual the devil will be in the detail but being DEBT FREE and an IO PRODUCING company can only be a good thing for FAS. I'm sure there will be no arguments there from the disgruntled GWR shareholders (who, incidentally, may find themselves under the FAS banner themselves - after an acrimonious 4 years). Anyhow, I'm sure we are close to some sort of announcement, so, until then, this remains purely my opinion. Good Luck holders, not long now! DYOR.
FAS Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
