Member Info for Spikeyj

what else you like at the moment bg?

3.95p wasn't a very genuine level, if you go by trading volume, and consider the relative lack of liquidity here. a few poor souls managed to buy and get spiked at 3.9 (so all too genuine level for them, sadly), but larger trades were being conducting on that busy day between about 3.65 down to 3.20 (- the price busted and fell to the other side of the big figure). so here, we are about 100% down from the 'real peak' in a vwap sense.

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s7eve083, your post of 16:42 reported.

rugby 11:36 "I wont post on these bb any more" lol, that didn't last long.

cheers

diamond, i won't register with them, so can't open the article. any chance you could paste here please?

patience, patience, patience. where is sp now? just a little over 2p. & what is strike price of warrants ceo/chair stand to gain? 2p. (... company share price maintains over 2p, for a month or so). so how much would ceo and chair stand to gain from actions that pushed sp below 2p? (e.g. as per one poster expecting 'massive dilution' at 1.5p) um. not a lot. they are not in this one for large salaries regardless of sp. rather, they in it for a major equity stake, providing sp is 2p and above. if only at 2p, their warrants worth darn all. they need higher for payoff. so alongside all the other key stuff about mexico itself, the energy and oil modernisation agenda, etc.etc. just keep in mind, CEO & Chair have interests v. well aligned with shareholders. that's a lot more transparent that the share****** agendas. sure, none of this guarantees that sp couldn't dip below 2p, it's aim, it's a volatile share not yet producing profit, it's sentiment driven. but unless you expect that the company will actually fail i.e. will not manage to acquire any decent licences/assets, (possible, of course, this is a risk business) it's a raging buy anywhere around 2p, providing you are prepared to stay in for a few (weeks/?) months, rather than day or two only.

v. nice counterexample for those who think only way to make money on AIM is to hop in and out of the hot stocks all the time following the tipsters, and trade trade trade. sure, can work, but looks like rusty did just fine in much more laid-back style.

note the comment in the sound cloud interview reposted by chas that astar are also looking for deals with local companies that would fall outside the formal licensing rounds, hence could come at any point. yup, it's gonna be a spikey ride, i like them, oddly enough, spikey by name, spikey by nature. until there are clearer financials to hang projections on, share is essentially sentiment driven,

good afternoon chas. pleasant weekend in prospect. trimmed a few yesterday, bought 'em back today. right party animal me.

np. gl.

bhoy, i already posted at 11:01; as i already said, i think you're getting a bit too ahead of events to ask when revenues/profit comes -- because we need to see (a) finalisation of what assets mex. govt prepared to open up to who, and then (b) news on what astar and JV partners aim for and actually get -- different kinds of target opportunities would have different implications for timelines on revenue and profit than others. in terms of crunchy newsflow, those will be key drivers which will influence sp 1) finalisation of secondary legislation - what is open to whom, from what dates? nb this is about mexican politics, not just beurocracy, there is horsetrading underway 2) what will we *attempt* to acquire? [we may or may not get newsflow/steer on this] 3) what do we *succeed* in getting, and on what terms? 4) how do we then fund that? 5) and in amongst those key, key items; a) rebranding of company? b) NED appts c) ?additional JV partners? -- without knowing which assets we do get, hard to make a sensible prediction on revenue dates, no? -- surely we could agree on that? hence, this remains a risky and speculative share, the upside of that is *if* successful, rewards likely to be high. if you need more certainty now, not right investment for you. atb.

another good simply question to ask, which other small cap companies with few shares in issue, decent cash position, and appropriately skilled BoD can you see on the ground in Mexico? -- i.e. if you can see the size of potential opening up to modernise Mexican o&g, and you are unconvinced what astar brings to the party, perhaps a useful way to look at that is to look at some comparator competitors? -- hint, not easy to spot many decent ones.

for sure, mexican buro will be an issue, lol. hence, will be wise to assume various time slippages and fudges here and there. yes, agree, very much about risky biz, this is not a no-risk safe bet for certain returns. not a widows and orphans share. important to understand, the mex gov is not just looking for financing, they particularly want access to better tech, e.g. for higher recovery, and development of fields in tougher/newer situations (fracking, deep water, etc.). henec the significance of the JV partners so far (and watch for others and contacts of the NEDS) -- astar can help bring money, but particularly can help funnel money to secure and leverage higher tech than mex has been used to. so it's not simply a play on o&g financing. read through what geo do, and the kit they have, to get a feel of that. tbh, would probably be getting a bit ahead of things to predict revenue dates, because that of course will depend heavily on what kind of licenses/projects we manage to acquire --- some would bring quicker returns (e.g. upgrading kit in producing but tired old fields), some slower but ultimately probably way bigger (texan border shale). my hope, the company will acquire a little portfolio with some balance between quicker paying cash generating plays, vs bolder stuff to be proved/developed for eventual sale/farm out to much bigger boys. again, just in terms of not getting too far ahead of events, need to have the detail of agreed legislation to know precisely which projects we can seek to acquire. but look at the background and experience of our CEO and Chair, and of the JV partners, particularly Geo, and you can get some good clues from the CVs/past projects to see which kind of projects are particulary likely to be targetted.

... not all o&g projects are exploration projects ..

[and as with most things, whether asta is a good idea for you or not will depend on your timescale, and your stomach for a volatile share ... as witness sp movements yesterday and today.]

i'm not meaning to be hostile, my apols if it reads so ... just suspect that you might gain more from reading through what's already on the bb, than repeating your question. as with most investments, if at the end of the day you still don't see what the plan/model/possibilties are, then it's just sensible to move on and look elsewhere. good luck either way with your investments.

"well, you're the one who posted "exploration is hugely expensive" - odd thing to do if you don't think it's an exploration company. if you read back through the RNSs, and also through the multiple posts on here over time (e.g. from the likes of stubbsy, phalen, my21, chasndave, to name just a few, quite a lot of info and thoughts have already been posted on what asta brings to the party. if you still can't see the scope after reading through, and doing a little look around yourself, fair enough, don't invest, plenty other aim stocks you can put your risk money in. but it's a little slack to keep asking when many posters have already shared good info, and when it's not hard to dyor to follow up the interesting leads. remember too, no harm at all in phoning up the ceo/chair to have a chat with them if you have genuine questions to ask about serious investment. they are relatively accessible compared to many BoD.

also a good question, funds in order to do what? if you can't figure that out, best to stay away from the share.