Whilst I am happy to see the share price go up, for the sake of...

Whilst I am happy to see the share price go up, for the sake of all who are interested- in the real world Top Banks will grant money against oftake agreement, however this will only be the case against unconditional port access and Bankable Feasability Study. By looking at FAS ASX announcements and Annual Reports it has neither. No steel mill nor Bank will release money based on this. Money does not fall out of trees, there has to be a logical pattern of how it can be repaid. IT IS NO GOOD HAVING IRON ORE IN THE GROUND, IF YOU CAN NOT GET IT TO THE PORT AND SHIP IT.

DISCLOSURE; WRITER HAS A PREVIOUS RELATIONSHIP WITH FAS. HOWEVER ALL THE VIEWS EXPRESSED ARE OF A GENERAL NATURE AND DO NOT INVOLVE CONFIDENTIAL INFORMATION.