FAS fairstar resources limited

the A team have a total of 4334350 shares, page-2

  1. 1,751 Posts.
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    Bingo, that’s why over the last five years since that infamous MD quote in March 2010 “The Company plans to fast track the development of a mine with production expected early in 2011”, they have issued 101 3B’s for 1.5 billion shares to receive over the top industry salaries and directors fees.

    Shares are used like hundred and thousands, sprinkled far and wide. 3B was their game.

    These diluting 3B issues have never been in the shareholders’ interests only themselves. Minimal fieldwork expenditure has been completed for as long we shareholders can remember only excessive administration costs.

    Time is up; don’t be fooled by some posters. The knights have long gone!

    Management and board have been in self-preservation mode since that No 1 voted pearler from the past quote and have not participated in capital raisings. No boom, no easy money and jobs anymore for them! IMO.

    Keeping shareholders informed and balancing the view. DYOR, please.
 
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