FairStar managing director Kevin Robertson.

Receivers appointed to FairStar assets

Troubled mining group FairStar Resources has been put in the hands of receivers and managers with the appointment of PPB Advisory’s Simon Theobald and Melissa Humann.


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My question is how to get some information about Fairstar Resources (FAS)? They seem to be all hush hush and do not keep their shareholders in the loop as to what is happening. Very ordinary and frustrating.

Fairstar Resouces delisted from ASX official list. What happens to all the investors with shares in FAS now?

I have all these shares but have no idea what is going on. All I want to know is whether the company is folding or is it on the road to making money? Will the shares ever be trading again?

Perth, WA
What I can't understand is, the company’s tenements seemed so promising, and having the Chinese on-board to help funding, was a major step forward. All I can say is Fairstar's directors have mismanaged the company. Hopefully the receivers can pull it out of the hole and clear a way forward; maybe a good takeover opportunity.

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$9k Bought
Total value as at the date of the transaction
Source: Morningstar

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