FAS 0.00% 0.4¢ fairstar resources limited

Iron Ore price sustainable?, page-28

  1. 2,040 Posts.
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    Explained on 2/3/16
    the r&d return form part of the limited receivership and are 3
    being 2013 2014 2015 the are worth about 1m each
    the receiver has 2 of them which we assume were handed over to sheldon coates as he put fas into the receivership for about 2m to 3m ish . That leave 1 or roughly 1m this may be enough to extinguish the outstanding to SC and have some some surplus which will be in the hands of the receiver.
    I am not aware of any other R&D returns.
    There is a list of companies who have continued to provide services to FAS without payment.
    Firstly the limited liquidators will take a slice , accounting firm for fins, possibly legal fee the way litigation has gone on with no income to show etc etc. Kalgoorlie council in for 600,000$+
    Also the most recent court hearing as posted.
    The list would be in the 1,000,000$.............BUT there is gold in them there hills and plenty of IO.
    If we are to believe the recent announcement and quarterly's a substantive announcement regarding finance that will take us in production has been upgraded from soon to shortly.
    I am tentatively positive that it will happen. Say what you will about KR but Madhu has signed the quarterly's which included the update on finance.
 
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