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Share Name Share Symbol Market Type Share ISIN Share Description
All Star Minerals plc NEX:ASMO NEX Ordinary Share GB00B12T7004
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.02 0.01 0.03 0.02 0.0175 0.02 108,856 16:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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All Star Minerals Share Discussion Threads

Showing 701 to 724 of 1200 messages
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DateSubjectAuthorDiscuss
25/2/2011
17:21
Loadsamonay I dont disagree with what you say. However Anley is complaining about things that have gone on in the past. Yes placings at 0.5p and 0.18p are bad for any investor but the company was years behind where it is now and as such had a low share price and a low market cap and it could not raise any more because of this. It needed the cash, as all junior explorers do, and this was all it could raise because of where it was at. Looking at the company and its stage of development this should have been obvious to any investor. Fast forward to where we are now and the share price is now trading in a now considerably higher range than it has been for well over 2 years. It is still rising and there are various pieces of news that lead me to believe that it will continue to rise over the next few months. This simply was not on the cards in previous years and is why I have invested now. I dont see placings when the share price is rising, and when there is so much newsflow coming up such as drilling, JORC estimates, new broker notes, increased PR, AIM move etc, as a bad thing if it allows the company to progress. In one of my previous posts I posted your very point in reply to Anley about the lessening effects of dilution as the share price rises and it was a point he chose to ignore. The placings dont have to be like they where in the past where 5,000,000 shares raised peanuts. As the share price rises dilution is low and it even helps to underpin the rising share price It is certainly better to own 1% of a £40 million company than 3% of a £1 million company. This cannot be achieved without placings to raise equity. However Anley seems to be more content having shares in a company that is going nowhere as long as his shares arent diluted.
rl13
25/2/2011
17:17
RL13..........I came into ASMO at the original placing price of 2p and sold at 3.5p after Bob Young (BEM) sold his shares. All that original money was used and by 2009 things did not look good. I then came back at 0.70p and have since sold at 2.2p and have watched to see if there was a new buying opportunity at a lower level. So I can say that I have done well so far. Sorry if you think I am bitter as I am not.......just a very hardened investor with over 50 years of professional stock market experience as abroker and once a small fund manager. And now we come to the latest Directors announcement which I find most strange: "All Star has noted the recent movement in the price of the Company's shares and confirms that it is not aware of any reason for this movement. The Company is in the process of completing a small private placing to provide additional working capital for the Company. Further information about the placing will be announced to the market on completion". The point I want to make is at what price are they trying to price these new shares? You know that over 50 million shares were issued last year at depressed prices and the company currently has a M/Cap of some £4 million. Now if you were trying to issue shares ask yourself at what price would you want to do this deal? Then ask yourself what is the money going to be used for and is this in the best interests of shareholders. By the way the Directors do pay themselves a wage by issuing shares to themselves - go and have a look at some of the recent announcements on their PLUS website. There may be fantastic assets in the ground but they have to prove this to the markets and at the same time they have to raise funds and that is what we need to know. When they put the facts before us then one can make sensible investment decisions.................. Sometimes it is better to wait for a share to gather momentum rather than gamble that it may go up - but in the case of All Star one needs a bit more direction in terms of management and I look to Mr Windham for this........ I shall continue to keep a watch.............and post what I think.
anley
25/2/2011
17:14
Yes, they've raised £90,000 so far this year in placings. I want to see what this has been spent on. Given that they've not really done anything this calendar year that involves spending money they should have that in the bank still. I've just been emailed an Edison report on PLUS market companies. Probably available on teh Edison website. pasted below(but was written at the 18th). It implies that they were funded for gilpas drilling. So I wonder what this funding was for? "Drilling at All Star Minerals' Gilpas project in northern Sweden is expected to commence in April. A 50-hole, 500m bedrock interface drilling programme is designed to confirm the presence of uranium mineralization associated with the zone 1 radon anomaly. A new phase of radon surveying designed to test the length of a second zone was completed recently. Results indicate that the zone 2 anomaly is up to 400m long and is comparable in size to the nearby Pleutajokk uranium deposit. If drilling at Gilpas intersects uranium mineralization then a comparison with nearby deposits will provide a good basis for valuing the project. All Star is looking to raise up to £200,000 in the near future but has sufficient funds in place for the initial drilling at Gilpas. INDUSTRY COMMENT Project risk has been reduced by a new bill allowing for the future construction of nuclear power plants in Sweden, which came into effect on 1 January 2011. At $73/lb of U3O8, the uranium spot price has almost doubled since April 2010."
loadsamonay
25/2/2011
16:40
Loadsa...the very question I asked Mr Windham! Will let you know any response mate.
hartleyhare6
25/2/2011
16:22
Cheers Harltly. In fairness RL13, I think anley makes a good point. I'll be watching with interest for the justification for this placing. They should have some specific (company value enhancing) need to spend it on, like drilling (rather than just paper clips for the office). If they don't then Id question the wisdom of this, given that they only just held a placing in the start of the month. Its imperative for the success of the company that they raise the market cap. By doing that, then you can get funds without much dilution and fankly get much more funds too than you could when you have a small market cap. And these funds can be used to spend on value enhancing real world things like drilling (and even drilling the magnetite). If they are just raising funds at these low levels for no particular reason then I would be concerned as it would show a lack of understanding of the drivers that will make this company succesful. I firmly believe they have fantastic assets in the ground and that Jan Ola is spot on with his assessment of mangnetite. But it needs management skill and commitment to unlock the value. If they show that they don't understand which key will turn the lock to make the company progress then that is serious. Anyhoo, the share price seems to still be on the up. Lets see what price the placing was at, and what they say they wanted the money for.
loadsamonay
25/2/2011
16:16
I agree Whoppy. There has been some good buying again and it is very interesting that despite the high share price there have been no big sells so far today.
rl13
25/2/2011
16:07
Afternoon all. I emailed conrad this morning regarding the placing and also asking for an update on U3op....this afternoon we got a whole rns for U3op, excellent service to say the least! Incidentally in light of the aforementioned U3op rns now is an excellent time to buy, should at least triple the share price on entry to Aim during Q2. Mini ramp sorry GLA
hartleyhare6
25/2/2011
15:55
Think they gave the we know of no reason to stop the share price racing away. Personally i think the share price is just catching up with the survey results on the 31st Jan and the anticipation of the forthcoming drill testing which as we know could materially impact on the share price massively if they find what they already think is there. Short term it could multibag..still off the radar at the mo. Seller seems to have gone also. New placing shares will be fed into the market at higher prices hopefully.
whoppy
25/2/2011
15:31
As far as I am aware the last placing of 1.1p was above the market price at the time of the RNS. Why do you continue to post on here Anley? Since you sold all of your posts have been negative and you sound very bitter. I know what it is like to be locked into a share for a long time and to sell as soon as you can because you have been desperate to get out. However things change and this company is in a far different position than it was 2 or 3 years ago when you was locked in. You sold out just as things are about to take off and there are many reasons why this share price could be multiples of what it is now in less than a years time. Indeed the soon to be released updated research report could be a huge boost in iself. It seems like you are scared that you made the wrong decision and are trying to convince yourself, as much as anyone else, that you have.
rl13
25/2/2011
15:11
Perhaps the directors would like to issue the shares well below the market price............they have done so most times. Let us see what price they do the next "little" issue at as well as spelling out the costs they have to bear such as an AIM listing etc. I don't expect an offer to come your way.............
anley
25/2/2011
15:02
My thoughts exactly RL13, but I guess we all have our different perspectives due to circumstance. I think its highly unlikey that anyone will buy shares below 1.2p without being in the private placing.
piosacraic
25/2/2011
14:52
Why ouch Anley? A placing is a good thing if it adds value and allows the company to move forward and everyone knows there are going to be placings to get this company to where it wants to be. Junior explorers have no other revenue stream and as such a placing is part and parcle of investing in a junior explorer. Today there have still been more buys than sells and so most people dont see it as a bad thing. Indeed since the placing RNS on 8/2/11, and even when you include todays placing announcement, the share price has more than doubled. If placings were such bad things then the share price would not have doubled in less than 3 weeks. You have sold your shares Anley and it is therefore understandable that you dont want it to rise and take off. However there is no need to come back on here and try to put a negative slant on everything because you are now begining to question your decision.
rl13
25/2/2011
13:53
SP rising again.
whoppy
25/2/2011
13:02
Anley. LOL. Thats quite funny. YOu did say they liked to place shares! I'm giving them the benefit of the doubt though and hope its "small" like they said in todays RNS. Given that they just raised £60k at the start of the month, I reckon they must have some drilling ready to go, which is good news. Otherwise why would they need the money? The directors dont take a salary and otherwise there is just website redesign I think. So here's hoping. I agree though that having one placing after another is not a good way to steer the ship. I hope there is a very good reason for it.
loadsamonay
25/2/2011
11:36
OUCH!!!!!!!
anley
24/2/2011
19:45
Another great day for ASMO and this is just the start in my opinion.
rl13
24/2/2011
16:18
But I have this from investigate ... " Further research at the Samon licence has identified a strong magnetic anomaly at the north of the licence over 750,000 square metres, host to a possible magnetite ore body. Further exploration work will commence in the coming weeks to define the extension of this magnetite target." "The Gilpas uranium project comprises two contiguous licences that cover a total of 51 square kilolometres. Gilpas is located in the Arjeplogg Uranium District, and is situated in close proximity to the Pleutajokk (20km north-west) and Skuppesavon (25km north) uranium deposits, both of which have been interpreted to be epigenetic vein-type deposits." and - perhaps most significantly - "Our knowledge of the Gilpas project gives us the confidence that it will prove to be a company maker. Due to the uranium mineralization being at bedrock surface, coupled with the grade we are targeting, the economics of the project could be superb. We look forward to keeping shareholders informed over the coming weeks of progress at Gilpas." Although their website is dreadful, and needs updating - among the major shareholders are Bruce Rowan through his Sunvest vehicle, whilst Carole Rowan holds 19.1 million shares. These are also major shareholders in BEM - a coincidence ? - I think not. Bruce Rowan has an excellent track record of supporting small explorers whilst in their infancy - he does not get many wrong. Unfortunately at present is that it is only traded on PLUS - which means that one can only deal on the phone via a broker - but, I think this is a minor inconvenience compared to the potential benefit. I would be fairly sure that in time they will be listed on the full AIM - but, this is quite expensive to do, and, I would much prefer them to spend their funds on exploration and proving up resources at this stage - listing on AIM can come later. Of course, as always, the newsflow as to drilling progress and assay results will tell their own story - but, the choice is whether to buy now, whilst the share price is still low, or, to wait for newsflow, which, will make the Company much "safer" , but, one would be buying at a far higher price, providing the results are good, of course !! This, of course, is the perpetual investor's dilemma with any junior explorer - I have made my decision, and, I am pleased to be invested.
eye2
24/2/2011
16:14
does anyone want to update this site??? latest RNS ect??? anyone with know how?
eye2
24/2/2011
13:01
moving nice and no ramping (;
eye2
24/2/2011
12:16
good post 693 but hey you can buy asmo directly online (ticker is recognized)
andrbea
24/2/2011
12:12
Back from a few weeks break. A lot more interest on here now. Good to see new posters.
stav5001
24/2/2011
10:29
1) Their market cap is ONLY £2m - how often can one find a Company with such prospective assets at such a low value - whist, fully accepting the risk / reward profile that goes with it. 2 ) I like the whole concept of mining in Sweden - it is safe politically, excellent infrastructure, and has a first class history of successful mining - as is witnessed by BEM - with whom many of us are already familiar. 3 ) Their consultant geologist is Jan-Ola Larsson - who is also employed by Beowulf - ( BEM ) - and his track record there is superb. 4) As per the recent RNS - link below - I copy a few extracts beneath the link : http://www.investegate.co.uk/Article.aspx?id=20110131123209M0474 " Further research at the Samon licence has identified a strong magnetic anomaly at the north of the licence over 750,000 square metres, host to a possible magnetite ore body. Further exploration work will commence in the coming weeks to define the extension of this magnetite target." "The Gilpas uranium project comprises two contiguous licences that cover a total of 51 square kilolometres. Gilpas is located in the Arjeplogg Uranium District, and is situated in close proximity to the Pleutajokk (20km north-west) and Skuppesavon (25km north) uranium deposits, both of which have been interpreted to be epigenetic vein-type deposits." and - perhaps most significantly - "Our knowledge of the Gilpas project gives us the confidence that it will prove to be a company maker. Due to the uranium mineralization being at bedrock surface, coupled with the grade we are targeting, the economics of the project could be superb. We look forward to keeping shareholders informed over the coming weeks of progress at Gilpas." Although their website is dreadful, and needs updating - among the major shareholders are Bruce Rowan through his Sunvest vehicle, whilst Carole Rowan holds 19.1 million shares. These are also major shareholders in BEM - a coincidence ? - I think not. Bruce Rowan has an excellent track record of supporting small explorers whilst in their infancy - he does not get many wrong. Unfortunately at present it is only traded on PLUS - which means that one can only deal on the phone via a broker - but, I think this is a minor inconvenience compared to the potential benefit. I would be fairly sure that in time they will be listed on the full AIM - but, this is quite expensive to do, and, I would much prefer them to spend their funds on exploration and proving up resources at this stage - listing on AIM can come later. Of course, as always, the newsflow as to drilling progress and assay results will tell their own story - but, the choice is whether to buy now, whilst the share price is still low, or, to wait for newsflow, which, will make the Company much "safer" , but, one would be buying at a far higher price, providing the results are good, of course !! This, of course, is the perpetual investor's dilemma with any junior explorer - I have made my decision, and, I am pleased to be invested.
cyprussteve
24/2/2011
09:56
cheers whoppy, my tdwaterhouse account doesn't update the live price on plus in my portfolio.
mrtradit67
23/2/2011
17:23
Your totally right Steve, Institutions that are selling at 1p have still made multibaggers from ASMO, They would be crazy not to top slice as Im sure many are answerable and responsible for funds to some extent. If this went sour, then at least they could say that they still banked a percentage of the profit.
piosacraic
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