FAS 0.00% 0.4¢ fairstar resources limited

yes Jimmy the credit worthiness of fas must be a concern to the...

  1. 53 Posts.

    yes Jimmy the credit worthiness of fas must be a concern to the people choosing the successful three companies to get port access.

    It could look a little embarrassing for the government to build a $200m port expansion with a take or pay guarantee from a company with close to $10m in overdue debt and no cash on hand to develop their mine.

    They have to get an off-take agreement and a big cash injection very quickly to get selected for port access or they will have a stranded resource.
 
watchlist Created with Sketch. Add FAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.