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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% 0.0225 0.01 0.04 0.0225 0.015 0.02 525,000 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 726 to 748 of 1200 messages
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DateSubjectAuthorDiscuss
01/3/2011
15:39
Great find Steve
piosacraic
01/3/2011
14:41
can i have a live price plz if poss
mrtradit67
01/3/2011
09:42
Couple of interesting articles on Thorium: http://www.itheo.org/articles/china-announces-thorium-energy-project http://www.energyboom.com/emerging/thorium-nuclear-energy-panacea-or-distraction-cheaper-renewable-sources
carpe diem007
28/2/2011
23:47
good work steve. Good article.
loadsamonay
28/2/2011
23:40
Nice find CS, thanks. It's this sort of profile we need to keep the pot boiling, as we know what happens to small cap prices with no news to report- the gains just melt away. Interesting the author's comments on Thorium and the lack of global interest in this element as I had read some very encouraging articles on its potential as a safe replacement for Uranium. not worried
worrier
28/2/2011
23:07
http://www.minesite.com/nc/minews/singlenews/article/all-star-minerals-will-soon-set-the-drill-rigs-turning-on-its-uranium-ground-in-sweden/1.html February 28, 2011 All Star Minerals Will Soon Set The Drill Rigs Turning On Its Uranium Ground In Sweden By Alastair Ford Anyone familiar with the enthusiastic expositions of Clive Sinclair-Poulton, executive chairman of Beowulf Mining, will also be aware of Jan-Ola Larsson, Beowulf's technical director. While Clive looks after the marketing, and puts out the feelers for off-take agreements for Beowulf's growing iron ore resource base in Sweden, it's Jan-Ola who's tasked with adding value on the ground. And what a job he's done over recent months – Beowulf's shares have risen from less than 5p last summer to the current 67.5p, a near-fourteenfold rise. That's more than just a pick-up in the stock market at work - that's years of good geology at last paying off. So, small wonder that interest is now beginning to rise in another of the companies that Jan-Ola is involved in – All Star Minerals. Like Beowulf, All Star has an extensive landholding in northern Sweden. But unlike Beowulf, the primary target is not iron ore, but uranium. And the bull case for uranium, as the man at the overall helm of All Star, Conrad Windham, points out, is almost as strong as it is for iron ore. Spot uranium has risen strongly since the start of the year, although there has been a slight tailing off of the momentum in the past week or two. Still, the current price currently stands at just shy of US$70 per pound, meaning that most of the ground lost over the past three years, as the whirlwind of the financial crisis blew through, has now been made up. Of course seasoned observers will say that the spot price is no guide to the real price at which most uranium is traded, behind closed doors, by the big players, the major miners and the power stations. But upward momentum in spot is a good first point of reference, because the off-market deals usually go through at an even higher price. And, at least there is a spot market, which is more than can be said for thorium, the mineral that All Star was originally set up to look for. There's very little visibility in thorium at all, and certainly no market awareness of it, and All Star found that to all intents and purposes it was whistling in the wind attempting to gain first mover advantage in the thorium space. The other problem, as Conrad explains, is that full-scale and widespread commercial use of thorium is still probably around 15 years off. One can't help feeling that shareholder opposition must have been muted when he took the decision to switch the focus to uranium. He was aided in his choice of mineral by the presence of uranium on one of All Star's thorium licences. Not so long ago, a boulder was recovered from the company's Samon licence in the Jokkmokk municipality that graded 3.5% thorium and 500 parts per million U3O8. The ground also shows potential for cerium and yttrium, two of the better-known of the rare earth elements, and for iron ore. So, with new money coming into the treasury, the company plans to get the drill rigs turning, with a view to gathering some comprehensive data on just exactly what sort of potential Samon holds. At this stage, though, the main focus is on All Star's other main property, Gilpas, in the Ajeplog Municipality in the north east of Sweden. Gilpas, says Conrad, "is the most attractive deposit in the portfolio". There are several reasons why Conrad takes that view, not the least of which is the close proximity, just 20 kilometres away, of Sweden's largest uranium deposit, Pleutajokk. Gilpas was also the subject of a Competent Persons Report that was completed in 2008 by consultants from CSA. That means that although in many respects Gilpas is still at a fairly early stage, given that it's not been properly drilled, it is, nonetheless, something of a known quantity. What's more, although comparisons with Pleutajokk can only be for interest's sake at this stage, it is worth noting that the potential grade at Gilpas is much better. "We've had boulders at 29%", says Conrad. At Pleutajokk, he reckons, "they'd be delighted with boulders at 1%". The uranium this area is found in vein deposits that lie fairly near to the surface, and there's also the possibility that the veins at Gilpas will be wider than those currently being mined at Pleutajokk. So why is no one already mining in the area? The answer, reckons Conrad, is that no one's every really taken the time to look at it. Until, that is, Jan-Ola came along. In the case of Gilpas there's about five metres of overburden, so although the boulders in the region provided a clue, there was no outcropping mineralisation to provide a clear geological shortcut. And even with Jan-Ola working the ground, there are still no short cuts. A campaign of close-spaced drilling will shortly get underway, designed to prove up a maiden JORC resource by the third quarter of this year. If that sounds ambitious, the answer is that it is, and that the resource will initially only be a small one. Still, by the end of 2012 Conrad is planning to have a measured resource in place, with moves afoot to get mining fairly soon thereafter. "Gilpas could be developed really quickly", he says. "It's high grade. We know exactly where the area is, and it's pretty much at surface." By then, it's unlikely that the company will still be listed on Plus. "A logical progression is to move to Aim", says Conrad, although he adds that at this stage there probably wouldn't be a huge raise to go with any Aim listing. The company is currently in the final stage of raising enough money to fund this year's work, as it stated in a recent press release. In the same release All Star also stated that it knows of no specific reason why its shares have been so popular over recent week. Uranium, plus Jan-Ola, plus impending drilling, plus new money, all have their allure, though. And, in the wake of that cautionary announcement the ardour of the market wasn't exactly dampened. The shares gave back a mere 0.15p or so, to settle at their current level of 2.1p. It'll be interesting to see what happens next.
cyprussteve
28/2/2011
15:45
mrtadit67...youre welcome mate.
hartleyhare6
28/2/2011
14:14
thank you hartleyhare6 at work can only log on at lunch apprieciate your help,any chance of live price now please
mrtradit67
28/2/2011
12:36
can we not have a live prices chart here as per other shares?
red nutter
28/2/2011
09:38
2p to sell holding up well last to 2 trading days(;
eye2
28/2/2011
09:26
mrtradit...now 2.15 2.45
hartleyhare6
28/2/2011
08:53
mrtradit...2.05 2.35 mate
hartleyhare6
28/2/2011
08:20
anybody got live price please
mrtradit67
27/2/2011
11:45
It worries me that they have had 3 placing this year too, as long as we start drilling on schedule then we will b fine,.
piosacraic
27/2/2011
04:56
My own view of the funding is that it all depends who the placees are - IF the shares are going to genuine long term investors, then , it is very positive. However, if the whole lot are going to one or two people "in the know", who intend to sell on at a quick profit, this will not only suppress the SP, but, will seriously damage Company credibility, due to the consistent number of regular small fundings. I sent an email to the CEO on Friday to ask if I would be allowed to take part in the funding. I have had no reply as yet.
cyprussteve
27/2/2011
00:12
People buying in on a spike, gonna get burnt when this falls again. Major gamble at the moment, and although i am invested here i don't like the fact that they are placing every few months. Just work out the funds required to progress the company till the next step instead of having to raise funds every 5 minutes. I like the book cover but am going to have to hear more of the story before i invest anymore.
muppetlab
26/2/2011
17:19
I think it's only a small placing as indicated in the RNS which came out when the market was offline. I think that timing is significant. The only trade that morning was a sell. The bid offer was 0.5p/5p. The 5p may have spooked the placee. It was strange to say they were doing a small placing at the same time as the, we know of no reason announcement, as you would of thought the BoD would want to issue as little many shares as possible at a higher share price The placing had not yet been completed and presumably will be based on market closing prices with a discount applied if the funds are not for immediate market value enhancing operations - ie drilling, where expectation will increase the share price The thought of the share price rising to 5p was too much and unfair to the placee, hence, the we know of no reason statement to cool the share price 5p after placing would be nice for the placee though. To get there will depend on results. It's only my hypothesis so don't take too much notice. share price recovered strong on Friday so looks good. Where woukd the share price have finished on Friday if the RNS had not been issued?... maybe 2.75-3p. I think it will get there soon regardless
whoppy
26/2/2011
09:52
I'd love it if they said it was to investigate the Iron :)God i love iron :)
piosacraic
26/2/2011
04:57
Hi piosacraic, All fair comment - my question would be, if the new funding was to be used for drilling - why did they not say so in the RNS ? - instead they used the phrase "to provide additional working capital". OK - that may be simply because they got the RNS out in haste and did not think through the wording well - but , also in the Edison note, it says the Company " has sufficient funds in place for the initial drilling at Gilpas ". One assumes that they could have only obtained this information directly from the Company - so, I do find the whole situation asomewhat puzzling to say the least. Hopefully the next RNS will reveal the rationale for this unexpected funding in more detail. Have a good weekend all, Steve
cyprussteve
26/2/2011
03:42
Steve, I had exactly the same questions. I think your right, the recent share price took the company by surprise. But just guessing... the placing could be slightly above the last placing but the spread is so big that they were limited with the increased price. I doubt very much that it was long term investors that suscribed, more so new investors but as long as this goes to drilling then more funding probabaly wont be a problem. I'd reckon if they need two hundred thousand as the edison report says, that this placing was for just over half it.. I'd be surprised if it was over 1.25P. But if they have raised half of the 200k that the edison report says, then they only have 100k more to raise and we are fully funded for the near future, looking forward to the next rns.
piosacraic
25/2/2011
18:13
My own guess is that the placing price was set a little while ago - and that the recent increase in share price took the Company by surprise also, and that the funding price will have been set / agreed prior to this increase - whether they can - ( or want to ) - change the funding price after the virtual doubling in share price in just over a week , I know not. I am also fascinated by the fact that Edison have referred to raising £200k in the near future - how the hell did they know that when no RNS has been issued to this effect until today, end even then not specifying any amount . I am not being negative - but am puzzled and somewhat concerned at these regular fundings, and as to who is buying them - if it was long term investors then no problem - but, this is a big question mark for me. However, I do like the Company story, and, the Gilpas results will tell a story. It will be interesting indeed to see how this unfolds. Ciao Steve
cyprussteve
25/2/2011
17:32
What price would ye like the placing to be at. I think it will be around 1.25p as there is renewed interest in the share. They proabaly have raised more than 100 million this time if they need 200 mill more.
piosacraic
25/2/2011
17:29
anley Your points are very valid and well thought out. Well done. I now understand where you are coming from.
piosacraic
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