As another year of imminent funding draws to a close, it is nice to think about progress and what is left to do. And then I consider it is time for FAS (and others) to think about turning over a new leaf and set some New Year’s resolutions, real plans and communicate them.
I think funding is difficult in any market and but today’s market makes it almost unachievable… almost. If a project has any chance, it has to be prepared. Prepared means feasibility studies complete, export route defined, government approvals in place, advisers signed on, suitable people in the required positions, iron marketing advanced. Even with cash, the debt will not materialize without these in place or well under way. And all of these things together are called a “strategy” and need to be discussed with the owners, aka the shareholders.
Is 2015 the year of the Fairstar or is it the end? Unfortunately it appears to be the latter, but I am watching in hopeful anticipation of a Christmas miracle.
Maybe even posters on here could add some depth to their opinions. Now that would be a Christmas miracle to behold. J
On the twelfth day of Christmas my true love sent to me:
12 months of possibilities
11 environmental studies
10 social studies
9 resource updates
8 ????? a milking
7 steel mills a knocking
6 iron ore wagons
5 reserve revisions
4 feasibility studies
3 failed fundings
2 financial advisors
and a MD with a 3B.
Feel free to make changes to the Twelve Days of Christmas.
FAS Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
