FAS 0.00% 0.4¢ fairstar resources limited

I have posted this before and i think it will help see the value...

  1. 326 Posts.
    I have posted this before and i think it will help see the value of FAS owning GWR shares and also the low value of FAS. Hope you can help.

    FAS- 474 372 651 shares
    GWR- 143 135 763 shares

    FAS has 17% of GWR or 24 million shares approx

    At todays value of 71.5c = $15 444 000 making 3.25 cents of FAS share price purely on the value of GWR.

    FAS at 5.2 cents minus 3.25 = 1.95 cents is the value on FAS for its business and assets.

    The market at the momment says $9.25 million would any long termers know the value of assets? I know we are waiting the results but this value seems really low for
    the amount of goodies in the ground.

 
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Currently unlisted public company.

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