FAS - Fairstar Resources

[alankew]

Anyone get hold of any of these 25c issue price currently at 53c? Any other issues coming up like this?

 

[emily]

a question out of the blue for knowelege.... is there a way to work out what the company will be opening at compared to the issue price...? eg.... effect of amount raised...etc...etc

 

[peachey2000]

Hmmm, trading at 1.47 today!


Can anyone tell me why though? Any thoughts for the future on this one?

Not that I'm complaining

Well, actually I am... bought a relatively small amount considering their purchase price, that old chestnut!

 

[YOUNG_TRADER]

This 25c IPO is nudging $2

And why exactly???????????

Anyone on IPO Ride Well F'ing Done!!!!!!!!!!!!

 

[feeding_the_fire]

Pretty quiet on this thread!

Anyone else thinking of getting on board to pick up the free loyalty oppies? Record date set to be announced soon, could be a good opportunity considering a 20cent strike price, and a current SP around $1.40.

Considering carefully myself...

 

[feeding_the_fire]

Details of loyalty options just released... for every 2 shares you hold, you can subscribe to 1 option for 0.5 cents.

Strike price is 25cents, currently trading around $1.30... pretty good value if you get in quick!

http://www.fairstarresources.com/announcements.asp

 

[master_luke]

watch these tomorrow with new GWR & FAS merger speculation....

Why?

they have already been accused of planning a merger back in December
GWR yesterday announced they have moved to the 136 Main St Osborne Park, FAS has just announced they are doing the same thing today (4.20pm)
they both mine in close proximity to each other
they share a director
they share a Senior geologist

I'm holding some of each, rubbing my hands in anticipation of opening tomorrow

 

[Drubula]

Bought a stack of shares on Friday. Looking for positive news weeks coming. I like what i read about this stock.

 

[imaginator]

Whats happening to this stock?

I just thought its at a fair price now. Anymore news or rumours regarding this one?

 

[Drubula]

I finally sold out of this stock over the past three months at a considerable loss as it was time to move on. I think the takeover of GWR may well still happen but it maybe a long and lengthy process.

 

[kenny]

Hopefully for holders, the "Speculator Effect" will come into play here. FAS has been hurt by the Opes Prime debacle like many small caps.

http://money.ninemsn.com.au/article.aspx?sectionid=2338&subsectionid=79751&id=569752

If nothing else, the article will bring the stock to the attention of a wider audience.

Cheers,

Kenny

Disc. We do not hold FAS.

 

[greenaus]

Just one really good announcement in coming weeks regarding major success with their current drilling operations should point the SP in the right direction so I can get out of this unscathed.

Based on my reading of the various reports there is a good likelihood of positive results. Fingers and eyes crossed.

 

[mattyhammer]

FAS has announced today that they have discovered quite a large potential Fe load with up to 60% of Fe unprocessed. I'm not too educated about the meanings of this and how it can potentially effect the SP. Any tips or ideas on where this may have the SP heading? It has peaked today at 18c but currently sits down at 16c. Is this a hold and wait or get out whilst only slightly ahead???

 

[shnan]

Have been told by very reliable source that FAS is going to enter a takeover or merger of some sort in the next couple of weeks anyone know what other companys are involved? SP went up 18.5% today so must be getting close.

 

[Eltorro]

FAS

Purchased 100K @ .17 over a year ago, now worth $.037. Is it worth keeping or just cut losses?

 

[zanderman]

Any thoughts on FAS in 2011?

looks like its about to turn around.

 

[Anmar]

FAS is on the go, seems like they are true to their word about shipping product early next year.

 

[Simo9]

Any insights into why FAS has been heading up? I sold out at a small gain but just curious.

 

[didgi69]

Any insights into why FAS has been heading up? I sold out at a small gain but just curious.

WHAT IS GOING ON WITH THIS STOCK DAMN IT

 

[Anmar]

WHAT IS GOING ON WITH THIS STOCK DAMN IT

June 5th

Fairstar Resources announced that it has secured irrevocable commitment for 80% ($260m) funding for its Steeple Hill iron project. The funding deal between the company and Alliance Super Holdings is non-dilutive and will transition the project to production via a 50:50 profit sharing JV. As part of the business plan and budget, all of the company's debt will be retired and the company will become debt free. Negotiations are well advanced with a range of parties for the remaining 20% funding and off-take of the project's ore