Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I see that the con continues!! This isn't a legitimate business. There has been no update on the metals strategy. The dynamic Mr Parsons has scurried away from the limelight.
And still the FCA look the other way. As a shareholder sitting on a 90% loss - how does this company operate without being investigated? Andrew Denham still visible but look at his record!
Nice work if you can get it & as a previous poster said...best to avoid!!👍
Apart from a staged managed interview avoiding any questions, the current BOD continue to show their lack of awareness in the marketplace. The performance of the share price is directly related to the information that they communicate. Absolutely hopeless and quite frankly, in any sector other than AIM they would've been dismissed long ago!!!
John Peters, the self proclaimed expert, actually stated that there would be news in Quarter 1 and the share price would react accordingly!
Well??.... Typical lifestyle AIM Board - ridiculously rewarded for nothing. What are they actually doing???
Share price speaks volumes!!!!!
I noticed from the last RNS that a couple of other investors had increased their shareholding in the last week also. Let's hope that something materialises!
So nice now that some of the dead wood has been removed from the business which was doing nothing for its performance.
Strange that Mr Parsons has virtually been found out at every organisation he has been involved with. The market reaction speaks volumes!
I doubt very much that he would've been re-elected anyway!
I'm glad to see the back of him!
Let's hope that the new Board additions are actually interested in taking the business forward.
I haven't forgotten about Mr Dennans contribution to date which leaves a lot to be desired also!
Let's hope for some accountability at last!
Every communication made by the BOD further demonstrates how out of touch they are in terms of strategy, their marketplace and investors.
The performance of the share price is linked solely to their lack of judgement & progress with anything. How John Peters has the nerve to even comment shows how out of touch he is with his so called area of expertise!
Makes you wonder who re-elects these characters each year? I wonder what their motives actually are? It's surprising that any organideation can survive, paying huge salaries & achieving nothing, while actually giving the impression that progress is being made.
As the latest video presentation demonstrated the calibre of the management, I can see that something is amiss??
A lot of people have caught on to James Parsons & have acted accordingly. Of course, both the FCA & in fact the LSE, who give these characters a stage to spout continue to look the other way!!!
The market patiently awaits the transformational news that AST has accepted the resignations of the current BOD. Clear to see through the share price performance that the key Metals strategy is a primary focus!!
And the authorities & FCA continue to look the other way!
Let's hope justice is done at the next AGM!
Let's face it...the current BOD have presided over a shocking share price performance over many years which is directly related to their judgement & actions. Despite all of the RNS's & interviews nothing has actually materialised & the market has acted accordingly.
SML has just become a typical AIM business, producing very little progress & promising for better things tomorrow.
Share price is progressed through actions not words. Investors have been more than patient so please Broome, Peters & the rest please get off your back sides & either move on or deliver something. It isn't as if you've been short of time!!!
The court case is secondary now and beyond the control of Management. We are lead to believe, by them. that a key focus of this business is a Metals Strategy!!! Has anything, and I mean anything tangible materialised??
For goodness sake, Parsons and Dennan draw in six figure salaries for part time roles with this business! What on earth are they doing?? (Mr Parsons has recently been relieved of his duties at 2 other organisations recently) The last video presentation we were presented with looked like a ten year old child (apologies to all 10 year olds!) reading from an autocue and did not inspire any confidence at all.
Why oh why wont these spongers stop in my opinion taking everyone for a ride and move on!! I want action from a motivated BOD who are actually focussed on taking this business forward!
I'm not fooled by any of the vague RNS's either!!
Further confirmation over at Coro Energy that James Parsons is bad for your wealth! In my opinion he typifies everything that is wrong with AIM. He has not delivered any tangible results while with AST.. thankfully, this has been recognised by investors at long last.
I would urge both himself and Andrew Dennan to leave AST also and lets get some motivated Directors in their place, on sensible salaries and who actually want to take the business further - not just simply using loopholes and misrepresentation.
Apparently, a key strategic focus of this business is metals in South America!! Absolutely nothing has materialised. Investors have been given information which they genuinely act on and still the FCA continue to look the other way. The added factor that the LSE gives them a forum to communicate through is an embarrasement in itself!!
Just looks like an amateurish recording of somebody reading an autocue. Doesn't inspire any confidence and is a true reflection of the share price. To think these guys earn in excess of £100k per annum!!!!!
I have yet to see where James Parsons has been a success anywhere. For AST's share price he has been a disaster!! Just look at what a mess he got Sound Energy into - all based on hype and nothing tangible.
Everything the guy touches turns to dust...
AIMHO
Confirmation that this whole set up is a con.
Investors have put money into this business based on the Board of Directors stating to them that a key strategy is metals exploration in South America... No further explanation, updates let alone results.
Sounds typical of any organisation that James Parsons is associated with.
I wonder if the FCA will ever investigate his activities???
AIMHO
Couldn't agree more!! The legal case is beyond the intervention of the BOD. So exactly what are they doing with the rest of the business in the meantime??
Probably just giving the same amount of attention to their other part time roles.
Any payout is going to come with enormous expense - mainly through the top heavy BOD & their ridiculous remuneration!!
The company's employees were encouraged to buy shares a little over a year ago & a Director did purchase around 2p mark just previous so make of that what you will.
There is also so much rubbish posted on here now (from one contributor who seems obsessed with it all & was assuring that election of Biden I'm IS years ago would be good for my investment - they post every day so I ignore also).
If employees have invested then I would just say be patient & see what materialises!
For all the waffle on this board the share price speaks for itself!!
Good luck!
No credit at all to this current shower of a BOD! They've been waffling on for the last 2 years about a strategy in Cuba which despite being a key strategy has produced absolutely nothing!!
Let's hope the lawyers release long term holders from this nightmare as Mr Parsons & Mr Dennan have taken more than £500000 combined in salary!!
Never ever would I touch any company associated with these 2!!!!
I do worry just a smidgeon that the article link is promoted by a marketing agency and AST do seem awfully keen for shareholders to take advantage! (A bit like Sound Energy!!). As per share price recovering, another big investor and promoter Align Research still seem to think share price should be in region of 20p so make of that what you will??
I wonder why James Parsons hasn't been recruited by a FTSE company given his impeccable record??. Lets just see what materialises...I'm a long term investor so really have nothing to lose!!!
Blazini,
It basically means AST will split 49% of any payout as a bonus to existing share holders. It will not affect the share price it is just a method of dividing the money among shareholders. Therefore if you owned 10 shares, then you would receive 10 bonus shares. The final settlement figure is divided among how many shares you own.
As James Parsons is behind it, obviously I think that the scheme is geared more towards the company & Directors instead of suffering shareholders. After all you're being asked to invest & take a chance on receiving a payout & many may do this. However as we know many long term holders have listened to the Directors telling us what a compelling investment this is , have lost their investment & would never come near this company again!!!