FAS fairstar resources limited

Forfeiture Court

  1. 1,751 Posts.
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    Nonsense comment, “come back & clean up the balance sheet & get some real $$ behind them”. It certainly will not be for the shareholders benefit. They have had the last 5 years to get some real $$, now we have:

    101 no brainer 3B’s
    2 Billion fully paid shares later
    $12M+ debt with 35%+ pa interest
    the lowest iron ore price in 5+ years
    tenements with forfeiture actions
    and no SHIP leaving the dock.

    Cannot see this relisting any time soon whilst there are credibility and performance issues circling this Company and that there is no doubt the ASX and other authorities are now looking into the I-World deal and others.

    Fool me once, twice, but a third time – no chance.

    The white knights and round table
    have moved into greener lands
    whilst the well-known jester is heading
    to another type of court.

    Forfeiture Court?

    Best of Luck, DYOR
 
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