FAS fairstar resources limited

snooker:"as soon as the $65million is secured" ? Well where is...

  1. 31,520 Posts.
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    snooker:

    "as soon as the $65million is secured" ?

    Well where is this additional funding coming from? Why is it needed? Why couldn't the deal be done in one agreement?

    "and a solid off take partner locked in"

    Are these separate re additional funding or could they be together? Is there any chance the funding was made without port access?

    " there should be a significant rise in the share price".

    Several conditions still to be fulfilled.

    Plus hoping this mob really does have $260 million. Nobody has heard of them. Because the creative loan facility FRL from the mob offshore in Jersey didn't materialise with cash in the end. What happened to the EU investors?

    Does this mob really have $260 million or are they going to raise it?

    A good rule of thumb is do not average down unless you are dead sure of the company.

    I'm not terribly convinced. Only bought a few more shares and very small amount of options today. The options trading is illiquid.
 
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