Member Info for Pinguser5

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!

What absolute baloney!!! Hence the question then why does this company need to award such ridiculous salaries to a top heavy BOD!!!???

Will this nightmare ever end!!!

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!!!

No. I think you'll find the shareholders who were shafted with the dilution are the suffering ones I was referring to!!!

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!!!

944Turbo,

Thank you. Probably about the 3rd decent post on this board in the last 3 days!!👍👍

Let's hope AST'S highly paid, part time BOD deliver on their update regarding ECT general meeting and provision of structure for shareholders to be compensated which was promised for January by RNS.

As we are now approaching month end once again this is looking as likely as an update on their key strategy of metals in Cuba.

I hope every morning for the news that will end this nightmare for me. Why was I ever taken in by the lies, hype & hysteria whipped up by this company's Senior Management.

After all as we've been told - it is a compelling investment...at least for the Directors!!!

Quite frankly UFO sums up AIM in general & the characters that operate within it..

Famous line from Only Fools & Horses...

"Next year Rodders we'll be millionaires!!!"

2024 is when I'm out as the whole sector is a joke!!!!

Despite the Tweets & constant ramping by some on this board the merry go round with Senior Management and the way it has been communicated to investors leaves a lot to be desired! It gives the impression of world class assets being managed by third rate administrators!!

The share price remains on the floor, let's hope for an update and upturn in performance very soon!!

Strange that those investors over at Echo Energy are also singing Mr Parsons praises today!!

Of course it must just be a coincidence!!!

As per the norm LSE continue to look the other way!!!

I am also of the opinion that sooner or later the LSE network is also going to come under scrutiny. After all, they are providing a platform for 'stage managed' interviews and presentations. Often the interviewers give the interviewees a very easy ride and whether they like it or not, this influences people to invest.

Furthermore, the interviews only seem to take place when the business has something to promote. This current BOD should be dragged before a camera and forced to answer what on earth is going on. The BOD have made numerous statements about lots of things but virtually nothing has materialised.

A fair proportion of an investor's research is based on what the Directors actually state and the performance of the share price and the BOD activity here raises alarm bells.

AIMHO

Or could this just be a further example of SML Management misleading investors again?? The share price being on the floor is a result of their mismanagement. They're not exactly rushing to reassure investors either!!

Typical AIM!!!

While I agree that the recent news has been unpredictable, investors have been led to believe through RNS that the company is actively developing a key strategy in South America.

I tend to agree with Winnimandala, if the company were to receive compensation of any kind, I have no faith in the current BOD to invest it wisely. In my opinion Mr Parsons led investors a merry dance at Sound Energy. He is involved at Echo Energy & actually recruited Stephen Birrell from AST where the share price is on the floor. A similar story at Coro Energy. The only company that has actually progressed is Corcel where Mr Parsons stooð down.

These guys are being paid thousands per year & in my opinion their track records over recent years has been appalling to say the least. I'm sure it will suit them all very nicely to sit drawing their extortionate part time salaries while the lawyers argue their case.

It must just be a coincidence that every business they're involved in is a disaster from an investors point of view!

AIMHO.

Panman,

Thanks for confirming my thoughts about you....

Panman,

I've held here for 6 years & despite averaging down I'm still 80% down!

While I welcome any good news, I continually worry about shareholders receiving any benefit. After all, I've witnessed the achievements of Clive Carver, Colin Hutchinson & now James Parsons! A look into their records particularly the latter should tell you all that you need to know!

What really is happening with AST'S Metals strategy??

The share price will respond accordingly I'm sure!!

Once again, we'll all have to wait a few more months and then who knows when a settlement will be achieved.

Alas no update on the Metals progress which we are led to believe is a key strategic focus of the business!!

I totally agree. Can you imagine people putting their pension investments in the hands of these so called experts!! The lack of due diligence in some cases would mean disciplinary action at graduate level let alone Senior Management level!

Now that share price is in freefall where are the experienced team to reassure investors?? Nowhere!

Typical of AIM....these guys are a true reflection of share price performance and where it is today!! After all it is down to their mismanagement!!

The part time BOD are currently busy with their other part time roles at Corcel Energy & Echo Energy. Despite investors being led to believe that AST's metals strategy is core to the business, after 2 years absolutely nothing has materialised. As they're in part time roles that should indicate how much focus there actually is.

I suggest that they're replaced with a smaller, full time team who actually have the ability to move things forward instead of this lot who in my opinion are just operating to suit themselves!!

Strange how LSE continue to support companies like this - after all its in their interests too!

SML are waiting for a simple copy & paste exercise to be completed. They have no influence & haven't been heard from for months???

Sooner or later LSE will be sued in my opinion as they continue to provide the platform for investor misinterpretation to continue!!!t

In the meantime, Directors continue to draw 6 figure salaries from part time roles!! You do the maths!!!