FAS 0.00% 0.4¢ fairstar resources limited

Clyde ---firstly it $260 million not $360-----cashngrab---its...

  1. 581 Posts.
    Clyde ---firstly it $260 million not $360-----cashngrab---its NOT a loan---its a buying of a 50% of the profit from the SHIP project---the $65million is a loan that FAS is trying to secure.Back to the $260 million put forward by Alliance----if the money hasnt been handed over----its in the bank gathering interest(i assume) so it is not costing Alliance anything to keep this option open.I feel fairly confident that all these issues could be resolved before the AGM as it would be very uncomfortable for anyone representing FAS at the AGM if things are not locked away beforehand-----i think this is the goal at the moment-----looking forward to all the negative posts that will follow----at this point i accept its make or break and still happy to be holding what i consider to be a considerable holding.
    Good luck to all holders and good luck to anyone who is quick enough to get on if the finance approval is announced.
 
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