FAS fairstar resources limited

directors responsibility, page-4

  1. 645 Posts.
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    I doubt there are many other juniors out there withe level of wreckage and carnage achieved by FAS.
    Go back to say the 2008 balance sheet and compare to the latest. Millions of dollars worth of GWR shares utterly vaporised, an overload of debt at outrageous interest rates, never ending promises of salvation, a revolving door of directors coming and going,the gurney death spiral and the continuous spin of a project without even a PFS, no port,no water,low grade and likely high mining cost,yet always one overriding constant.
    The CEO who continues to be amongst the highest paid in the junior mining sector at $400k+
    So what in the hell are the new board doing?
    Nothing it seems. Like a rabbit in the spotlight,frozen with nowhere to go.
 
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