FAS fairstar resources limited

massive writeup in todays west, page-62

  1. 5,760 Posts.
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    If each share of SHIP at 10% is worth 32.5m (total cost of 325m for up front finance)

    Then 20% of profit for the other 65m seems realistic.

    To operate risk free, debt free, cashed up for the life of the project and with the product already sold- can anyone here complain about a potential 30% left?

    Comments about what is left for shareholders- what was left a week, month, six months ago? nothing that's what.

    If they give away a bit more- be safe in the assurance that any shares purchased now will not be diluted again, you will see profits, capital appreciation and security.

    Who cares how they get there- just be happy they are.

    As far as the 3B- this will have been a strategic use that neither you or I will ever know about or need to know about- if it is what it took to grease a wheel and get it done, so be it. This company is in a better position than it was a week ago- someone has to profit from that.
 
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