Member Info for Spikeyj

sorry about your mate. right priority, friend above bb, let's hope they do well.

lol

fair enough. gl whatever you decide.

well, you might notice that personally i don't tend to use that "of course" phrase in my own posts. i think there's very rich upside potential, but there's no of course about it. not one for widows and orphans. what accounts for your own interest here, since you aren't invested and seem to consider it uninvestable?

that's the big risk, eh?

perhaps they won't.

lol, i just think you're being a bit premature. we need to know what asset is acquired, (and through what vehicle/ownership arrangement) to answer such questions sensibly. ...so no i won't tell you how many employees they will need, because i think it's a silly question at this stage. just glad they don't have many employees now, as would be a pointless cashburn ahead of actual targets acquired. e.g. to take two extremes, if a deal is done to acquire a small producing land-based field, with the intention of modernising equipment and ramping up production, then that has very different implications for staff, expertise and funding compared with e.g. astar+geo getting getting a share of deep water rights, or acreage and seismics for a large shale tract off the texan border. [if the relevant legislation is passed, there will be a bewildering variety of both large and small projects of different types up for grabs ... let's not just guess, eh?] perhaps we could at least agree that there is a lot of uncertainty still ahead, and investors who aren't comfortable with that should stay well away? - and it clearly is a speculative investment, so people shouldn't put money in that they aren't prepared to lose if it doesn't come off as people like me hope.

how many employees would you like them to have, in advance of having a specific asset to exploit?

anth, depends what your reason was for buying at 2.22? me, i was in astar from about 1.16/1.17, sold some out on the spike which was very nice, (didn't get 3.9, but managed chunks between 3.20-3.55) but i bought some back about 2.17/2.18, and am happy to hold long here for weeks/months because I am waiting for news on mexican deals. until then, when we also see what kind of money astar will want to fund those opportunities, these sp movements are shadow-boxing, trades on no real events / developments. so we have some folk probably still taking profits who were in from early days, but couldn't sell out their volume on the spike / missed out that day altogether, and we have some disillusioned short-term traders who just bought because they saw the sp move and wanted to jump on even tho' they didn't know what they were buying. it remains an extremely speculative share, and may not pay off. but if they find the kinds of deals they are trying to position for, sp will do very well indeed, and 2.2 will be fine level. (remember, ceo/chair make their money from 2p up.) perhaps it should depend on your risk tolerance, and whether you are prepared to lose what you have here, for the chance of multi-bag gain. good luck either way.

so ten grand traded? zzzzzzzzzz let's just sit back to wait for news, siesta good mexican tradition.

they are just trying to see if there is a price people want to trade at. but no buy or sell appetite today, zilch volume.

now now, k3, you're being a bit trolly here about one of my investments... i can appreciate it's tough on qpp bb, but not sure u need to take it out here. why do you think astar would need to dilute in advance of securing an interesting asset? i do indeed expect they will need to raise funds when specific project secured, and probably fairly promptly then - that's one main reason for being listed on AIM, after all - but no real need for any big money before that point, and better price for any funds once prospectus can describe particular project/asset.

good morning chas. no more for me today, and will be busy elsewhere soon, but i added a few yesterday.

just meant, less likely *this week* [as clazas was asking], than the other news items, iimv.

we had originally looked for some news re secondary legislation details this week, but date for that deferred into july. the reality of the mexican politics is that sufficient opposition/minority parties will be prepared to support mexican o&g modernisation agenda, but they are haggling about the price -- i.e. what concessions will IRP make to them on other issues as the price for their agreement on o&g. i don't how long mexican haggling usually takes, but imagine there are many smoke-filled rooms and much tequila.

just as a bye the bye, on a basic point of arithmetic, re my 10:40 post, meant to say down 50% of course, oops, not 100% (that latter would be the TW prediction, presumably)

we might get - some clarification/additinal detail on the nogal / geo JVs - further info or confirmation on one or both additional E&P industry NEDS - further info on corporate rebranding possible, tho' less likely near term, news on a deal outside the formal licensing rounds. .... tho' no necessary reason to think these items would come during this week. are you in a hurry?

cheers

soz, meant did u buy some here ..

did u some here then, rugby?