Firering Strategic Minerals: From explorer to producer. Watch the video here.
As I've previously posted I have contacted AST directly. Was offered telephone consultation with Management which I refused. I want progress. Would also like to hear justification for employing Malcolm Graham Wood??
This co should be bombarded with queries as to what is going on!!
A quick glance at the Align Research website indicates no mention of AST in their recommendations for 2022!! In my opinion they are no more than a Marketing agency in any case.
New Years resolution for the AST board... how about actually progressing something towards a tangible result instead of dragging your heels and spouting intentions. Surely a highly paid Board of 'experts' are capable of this???
I've given up ever getting anything back from AST. In my opinion I can see retail interest in AIM as a whole dwindling to very low levels. The lack of regulation & the inactivity of those who should govern it, does mean that investors are simply lining Directors pockets for doing nothing. Anybody looking at the activities of AST over the last few years & the salaries paid for no progress can see what it stands for!
Winniemandala,
It would be too much like hard work for this BOD to actually try and move the company forward! The loosely regulated AIM market means that individuals in my opinion can get away with this. The FCA do virtually nothing, yet investors are fed pipedreams where targets are never met, timescales go out of the window and promises of jam tomorrow are common. This company has a long track record of doing this (ie - saying no need to raise funds, then doing a placing or raising funds for equipment which is never purchased). The share price pattern is directly linked to the actions of the BOD and investors unwillingness to invest is due to a complete lack of trust. A simple investigation into certain individuals employment history will tell you all you need to know!!
It is fairly evident that some long term investors are sceptical about this news. I have personally contacted the company recently to ask why only James Parsons had invested last year and the response was that the Directors also had options which didn't exactly answer my question (also in a SIPP which could purely be a tax saver)! I welcome any investment by Directors, but once again, this sends a message to investors. The real concern is that no "tangible and measurable" progress has been made since this new BOD was assembled. What is actually going on? Why does every avenue the company chooses to follow take an eternity to explore?
The cynic in me wonders if things are being drawn out to allow the BOD to draw as much salary as possible without actually achieving anything. After all, this has been the core element of this business for years!!!
I wonder if this BOD will have the nerve to hold another investors presentation or will they have moved on to new roles?
Beggars belief what is going on! How long does it take to get a response from their lawyers to commence legal action?
Do AST actually have any income?
Any activity in Cuba looks like it is also going to the last minute!
Each day I expect to read that the company have decided to restructure the Board to be replaced by more highly paid executives!
As a long term holder I ask just what are the employees of the company actually doing??
Well as I thought...we are now into December so it looks like nothing will happen until some point next year. Excuses of Xmas, weather etc will allow the BOD to string things out further. Focus has mainly been on part time roles & remuneration committee meetings. Not one company these guys are involved with are making any progress.
No doubt one resident idiot will shortly leap to their defence & I wonder what their motives are. Never again would I entertain investing in anything this BOD are involved with. Their track record speaks volumes.
Sounds like Old Blue is posting again. Which person is it today??? (No longer waste my time reading the posts).
I think this BOD are very consistent in their performance. Just take a look at Coro & Corcel & see how they are doing. I would have been fired in my previous jobs with a track record like theirs!l
I would also like to thank the current Board of Management for sucking the life out of this discussion forum as well as everything else!!
The lack of progress anywhere has resulted in nothing for investors to discuss.
Valuable lesson learned though never to be conned again...
AIMHO!
Email. You just need to be very convincing!!
James Parsons had built up experience in the petroleum sector but if you look at his track record in AIM then it is obvious in my opinion that it is easier to earn vast sums convincing naive investors that the company is working on something. In the last 12 months AST have taken on a solicitor & benefited from higher gas prices of which AST produce very little. In return himself and Andrew Dennan earn in excess of £100k! Investors just see the share price falling!
Breaking news....
Old Blue is back despite saying he was leaving??? Is he James Parsons in disguise??? How is your investment doing Oldblue? Once again, I'm not a shorter...just waiting for AST board to deliver so I can get my investment back & move on!!!
Kenj,
Many thanks for that. I think many others will agree with my opinion that AST is just a shell company. They have no intention of producing any results or value for shareholders as their track record demonstrates. They just feed snippets occasionally to keep the money rolling in. I know why they are not investigated - it is because AIM is mainly a club and is in my opinion even supported by the media which surrounds it. Nobody wants to rock the boat now as it would affect their income.
I now hold only a few shares on AIM and am rapidly reducing my exposure as I now recognise what it stands for.
I have asked this before but got nowhere. Who actually makes the decision to appoint a new Board and what form of recruitment takes place?
In my opinion none of these guys have any credibility whatsoever & no decent company with ambition would employ them! Once this lot have moved on I'm sure they will be replaced by a similar outfit!!