Member Info for ART123

US0.135c on Yahoo which is 1p equivalent......

ETH up 3%; BTC up over 2%; and meanwhile ASTR is sitting on a pile of cash. At least the cash will be bringing in 4% interest - better than nothing!!!!

I expect that this will go up further and faster when the US/Canada markets open. From the RNS:

"With these binding agreements we have a strong, fully financed partner with the technical and financial muscle to deliver on these stated objectives and on top of that, we have secured a valuation for our 30% at US$92 million. What is clear is that our new partners appear far more willing to value things properly than their UK based counterparts, something expected to continue as momentum builds."

Firstly this needs to get back to the placing price of 0.20p and the best way to achieve that will be by using the remainder of the funds from the last placing.

SWC have spent £203M on BTC purchases and with 269M shares in issue and a SP of £1.65 as of today that gives a m/cap of £444M - so the m/cap is 2.18 times the amount invested. If ASTR spend the remaining funds so the full £10M is invested and we see the same 2.18 times value then the m/cap will be £21.8M which prior to the latest issue for the subscription would give a share price of 0.378p. At that point they can start raising more funds via the subscriptions.

I would do the same as SWC. After all OE is copying everything else they do and they buy the BTC as soon as they have the funds available. In fact today's announcement from them states that they have invested over £200M in BTC since April this year and have just £400,000 of funds that they are sitting on.

ETH has recently hit a new ATH and there are predictions that it could rise further to as high as $20,000 by December (this year). Also BTC is holding steady at the moment with predictions of $200,000 by December. It's time to spend the funds from the last placing now so this gets the share price higher than the previous placing so they can then raise more funds for more purchases.

AJMHO

"They don't need to invest it all at once."

I disagree, especially as she and Oak Securities are already looking at raising more funding for further Crypto purchases - assuming that is the reason for the subscription arrangement.

That's good. Maybe more required as her previous dealings in June/July were for 2 X £50K purchases so at least another of the same. Also we need to know what is happening with the remaining £5M or so from the placing............

0.95p to sell, so I am officially no longer underwater here. Wonder how long that will last..............

It looks as though Oak Securities are going to push her around (OE that is) and get a load of ultra-cheap shares for either themselves or their buddies. She could at least have waited until the share price was higher than the placing price. That is the starting point. While the share price has been slowly rising for the last few days, today it is back down again.

I was stuck here underwater for about 3 years at an average of 5.25p. Then, when the Silverking drill spud, I averaged down hugely and not only offloaded my position but made a profit too. But, guess what, I'm stuck here again, underwater, though only at an average of 0.933p, so it is not quite so serious, though I was still about 33% down at one stage, which is not the place to be for too long.

I seem to remember on the Sunday Roast podcast CooperLemon saying that Kitumba was nothing special until they drilled down to 700+ metres and that was where they found the 30 million tons plus of Cu at 2.04%. The trouble with Birdie is that he doesn't try hard enough. I think that a huge copper and possibly silver deposit is there just waiting to be discovered.

The share price has been trying to go up for several days - all that is missing is the positive news................................

As it turns out, there are some very promising YouTube videos knocking about that predict a very bright future for ETH, some even predicting a BTC-size rise, so the ETH route might not be a bad purchase. It very much now depends on where the remaining £5.5M goes, as the fast deployment of these funds appears to be the only way to at least get the share price above the placing price of 0.20p.

When they announced the placing on 27th June 2025 they said as follows:

Key features of the Fundraising

· The Company is raising a minimum of £7.5 million, including the 'cornerstone investment' of £1 million by OAK Securities and an intended investment of £250,000 by Olivia Edwards, Executive Chairperson.

· The Company will use the net proceeds of the Fundraising to acquire additional Bitcoin, as part of the Company's previously announced Bitcoin Treasury Reserve Strategy, and fund ongoing operations.

Use of Proceeds:

The net proceeds from the proposed fundraising will be used to acquire BTC and fund ongoing operations, enhancing the Company's capital allocation flexibility and providing a potential hedge against inflation while diversifying our balance sheet.

So far, despite having had plenty of time to do this, they have purchased £4.5M worth of ETH and not a single Bitcoin and now they are busy more funds. It just doesn't make sense.

Well, there is no need to do it now, is there. They are issuing the bloody shares. Next thing Oak Securities say they have found a buyer, probably at around the current price and certainly below the last placing price, and Miss Olivia Edwards suddenly hasn't got the balls to say no and that is it, they are issued.

With £5.5M still to deploy from the last placing, they do not even want to dream of raising any more funds for now, let alone issuing the shares.

Can someone help me with the figures here please. They raised £10M and have subsequently spent £4.5M on 1378 ETH and now appear to be raising more funds. What has happened to the remaining £5.5M and why are they trying to raise more - especially when the share price is still considerably below the price of the last raise (0.20p)

......help this along......

Maybe some directors buys might help this long. Also maybe spending the rest of the placing cash on Bitcoin might help. That has already gone up from $108,000 to $113,000 in the last few days.......

Funnily enough, as soon as the drill permit is issued the shareholders and posters on here and elsewhere will quickly forget about the bad times and they will be all over this.

Look at Wishbone, also operating in Western Australia, and for the last year or two one of the most unpopular and bashed shares on AIM and LSE. They nearly went bust, did super low-ball placings, continued with the untrusted Richard Poulsdon as Chairman and they even employed the unpopular David Lenigas as a consultant for the Red Setter prospect. Then, three months later, they are one of the most chatted about shares on this website, the share price has more than 10 bagged and they did a second placing at 9.6 times the price of the pre-spud fundraise - 0.13p followed by 1.25p.

I tell you now that as soon as the drill permit is issued this will be a completely different beast. Maybe the next placing here will be at 48p for a similar rise to the one at Wishbone.

ATB

I can see another EEE type rise here as soon as the drilling permit is granted and the first couple of wells re-entered. £500M + m/cap there from practically nothing with just £13M raised for exploration costs. This has a similar massive scale about it.

ATB