Just doing a bit of research on another company with a reasonable holding in FAS.They certainly have one thing in common - exceptionally high cost of management.
I think they are delusional - really believe they are an FMG or an emerging BHP. Cannot believe shareholders put up with this nonsense but then they probably can't gather a controlling vote.
Looks very much like a Padbury - all big talk of massive project funding when it hasn't even been executed. All very well keeping the market informed but what's the point if it is simply hallucinatory nonsense.
Needs to be looked into by the authorities + what on earth is that $12,000 costed Prospectus doing raising $10 for!! Just another way to fiddle its way through with odd lots of small capital being raised at .003 ish. Probably absolutely no money going into the ground (that's pretty standard). Rapidly approaching the 2bn shares on issue - they will probably celebrate that with an expensive blast (not mining - probably Dom P!!)
FAS Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
