FAS 0.00% 0.4¢ fairstar resources limited

Ok start from the ASX, but they could ask a little more. With...

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    Ok start from the ASX, but they could ask a little more. With emails now-days the extra paper cost doesn't count so they could ask.

    1. Why did FAS spend $698,000 on exploration and evaluation in the last 3 months, but only $189,000 in the 6 months before? Especially since they knew they were low on money, or did they only pay outstanding debts with the R&D refund?

    2. Cash out for the last 3 months was $970,000, but only $880,000 the previous 6 months (nett of R&D refund). Why was the last 3 months spending more than twice the average of the previous quarters, or did FAS only pay outstanding debts with the R&D refund?

    3. Last 3 months spending was $970,000, cash on hand is $34,000. Why is expenditure now only expected to be $70,000? How does FAS expect to fund their activities if Creafin is unsuccessful, draw down more debt? If drawing down debt, how does FAS plan to service the debt?

    4. FAS state that, plaints excepted, all other tenements are in good standing. They note in the cash flow report that they surrendered tenement E51/1147. Where is this tenement and why was it surrendered? What investigations and evaluation were undertaken?
 
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Currently unlisted public company.

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