FAS 0.00% 0.4¢ fairstar resources limited

things on the horizon, page-6

  1. 1,464 Posts.
    I don't want to be keep you from the sand and palm trees particularly as there needs to be some sand "to have your head in the sand", but any company that counts as cash, a payout from Opes Prime and a shareholding in another public company is unfortunately going to finish in the funny farm if there is such a place at this time. The auditor even a dependent one would have difficulty with cash that
    a. was an unproven liability
    b. a shareholding in a public company that has varied from 1.70 to 1.55 (10%) in 8 days and was at a low of 85c some 4 or 5 months ago in April. Cash reducing in value so quickly, only happens in Argentina and Zimbabwe

    FAS has 1.485 million in CASH at June 30, thats the only cash, the real cash. The rest of the stuff might be described as a Cache, a different story altogether.

    But why let the truth get in the way of a good story.
 
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Currently unlisted public company.

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