FAS 0.00% 0.4¢ fairstar resources limited

Where are the three amigos?, page-32

  1. 51 Posts.
    Ok, so from the posts above, it looks as if support is waning, and this is the inherent problem.

    Replacing Kevin would be near impossible even with an EGM, I think that the EGM is dead in the water. If people like Mr Brady don't believe in it, and believe that finance will be given from I-world and he somehow has information into a complex deal that would be market sensitive, or he has trust in Kevin, then I hold no hope of a successful EGM even getting up.

    The Iron Ore price has made it un-viable for massive commercial operators such as RIO & BHP therefore they needed to cut jobs to cut production costs, and these companies have big economies of scale   (Source: https://au.news.yahoo.com/thewest/wa/a/26523253/rio-cuts-first-100-of-800-jobs/  & http://www.abc.net.au/news/2014-06-24/bhp-confirms-job-losses/5545820) FAS is still so far away from a mining operation, it hasn't traded for over 8 months, it has forfeitures against it, and the ASX is breathing down its neck.

    All I wanted for holders through this EGM is the truth, but it looks like the truth is too hard for FAS. I do thankyou all for your contributions to this discussion on the issue of the EGM.
 
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