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First Star Resources Inc V.FS



TSXV:FS - Post by User

Comment by Chipshot2on Oct 13, 2011 8:10am
232 Views
Post# 19144695

RE: RE: RE: RE: RE: Drill Results

RE: RE: RE: RE: RE: Drill ResultsGiven what has happened to the share price I think it is safe to assume that they are out of cash. I also make this assumption as the original plan for this summers drill program was 5000m and they only accomplished 2300m. Why stop if you are not out of cash? This company had always been able to raise cash in the past, including earlier this year. In fact, they were able to attract large investors as they did when they increased the size of the PP earlier this year. They were able to attract investors because of the potential of the properties. That hasn't changed! In fact, the potential of the properties has only gotten better so that is why I make the conclusion that something is wrong in the boardroom and until that gets straightened out the company goes nowhere. As for a share consolidation at this time....I don't think so. If I am right and there are management issues all they need to do is take corrective measures there and the share price will recover to a level where they can raise funds again, say $.10 as an example. Now the big question is, if there are issues with the management team how and when will they get corrected? All J.M.O.Chipshot2
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