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Fairstar runs aground

Ingrid Mansell and Jo Clarke

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Fairstar Resources's hopes of reviving its hostile bid for its larger rival Golden West were in tatters yesterday after the Perth-based miner admitted it was exposed to the collapse of Opes Prime Stockbroking.

The gold and uranium explorer said it was seeking advice on the ownership of a portion of its 33 per cent shareholding in Golden West, following the Opes Prime blow-out.

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    Original URL: https://www.afr.com/companies/financial-services/fairstar-runs-aground-20080403-jcudo