Well the reason you aren't aware of details Rumbai is you probably can't call FAS as they won't talk to you is my guess so your posts are just sour grapes IMO. As for the previous FRL funding idea with bonds it seems to me that FRL / Whitmills were disingenuous so good to see them gone, they missed out on a very good opportunity, when any investments in Europe are a basket case the only people that care about Australian Sovereignty is big Australian companies be they banks, super funds or even the future fund all IMO. So no wonder FAS dropped FRL $300m debt financing idea like it was a hot potato. $260m 80/20 funding seems much better in current risk averse climate. $65m loan from one of the big four should be easy to consecrate with 10mt future sales contract. Doubt they plan to go below 50 / 50 on SHIP.
Shame you can't invest this is one of the up and coming iron ore producers IMO.
FAS Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held
