Member Info for Spikeyj

"exploration is hugely expensive" ... bhoy, do you think astar is an exploration company?

a buy to let wife can be a good investment

hl ok for me today

OK, that's me out, thank you TSB, gl those staying in for a bit more.

bingo

your posts won't make the slightest difference to the flow of money in/out of tsb this morning, just chill and enjoy the ride &/or cash out and have a nice coffee. gl.

where do you claim to see that mould? live price streaming on HL doesn't show that, only shows 2.98 so far. is it really worth all this rampy sh*t for a couple of pennies? decent buy, fair profit, fair enough.

some profits being cashed

your platform, lol

for a nice orderly market today. it's the day before weekend after a large spike, no additional news (so far) today. let's a few v. short term traders take moderate profits in an orderly way ahead of the weekend, allow a few others to mull over some steady accumulation in small pieces with live trade prices rather than have to play guessing games with NTs when price all over the place. a little pause for breath never hurt any rapidly rising share. patience, patience, etc.

.. but maybe 3 v soon..?

we've not had £3 so far goldfever. (HL showing 294.45 top to date) ... don't let all that pacific island / falkland island weather go to your head, must be very confusing changing your residence so often. [think they spotted your porkiepies over on qpp, oops]

they'll be pleased with that. good orderly start to trading, reasonable premium, good % of joe public given fair bit, kudos to the ipo team. HL did fine sorting allocation and immediately made refunds available, very efficient.

lol, i am everywhere, dr diversified they call me (when not ruder names)

morning all

and finally, just in terms of immediacy or otherwise re funding - my21 noted we already have a good wodge of cash and liquid assets that can be used to prep for bidding round. but note also the delay to the secondary legislation, not until mid-july now. until the relevant secondary legislation is known and in place, would be difficult to adequately scope full details of bids you'd want to make and all associated costs, and of course difficult to construct any sensible prospectus for further fund-raising if it had to tip-toe round too many ifs and buts and maybes re the legislative framework and bidding process --- that alone means several weeks from now before any sensible point to call for money, which is probably an eternity in most aim pis minds. first money call, if within weeks/few months, would only be about bidding preparation, hence not huge at all, might not be needed for that as my21 suggests. the mega money is needed if we do something like win a key licence for texan border shale development, or a big deep water project. -- frankly, it would be very interesting and amusing at that stage to see whether astar BoD would actually have the guts and ambition to try to operate the project, or whether they coyly allow a major to buy out them and the licence.

note that some licences/assets we will be interested in could be already producing (but under performing /underexploited). so although i think it is probable that we will see some fund-raising by equity dilution at some stage, depending on the actual assets targeted there will actually be a range of other options to raise money to develop the assets which needn't involve equity dilution, including advance sales agreements and [simple, hollow laugh] debt. not too much point speculating about details and range before we know the actual assets, but worth remembering that our BoD have relevant expertise to consider a range of funding mechanisms, needn't limit themselves to simply churning out shares. bear in mind too, chair and ceo have *hefty* equity stake in astar, through their warrant holdings, will not be in their own best interests to dilute recklessly.

good posts chas, thank you

my21, good post, & useful reminder on legislation timescale. (lol, said previously i wouldn't be surprised if timescale slipped a bit, welcome to mexico).

several posters today commenting likelihood of funding calls. some noted this in fairly measured way, others less so, presumably some wanting to buy in / add while price is still relatively low. agree worth a few realistic thoughts about what funding calls /dilution there might be. thinking in advance about this means can be more measured if/as/when placements etc. come, to weigh up whether they are actually good news, bad news, or pretty much par for the course. also should help u figure out what the nature of our business actually is at this point. key point, raising more money is not wrong in a small business that can see cheap opportunities to secure low-priced assets, or land-grab in other ways (key people, key companies, political understandings, shaping detail of secondary legislation implementation and oversight). the issues are - (a) is funding being raised to purchase something that is earnings accretive rather than dilutive, or to secure an asset that is under-priced *when there is a strategy clearly in view to unlock some of that value within an investor's timeframe*? [as opposed to funding being raised simply to keep paying ongoing cash-burn associated with heavy overheads, or even greedy exec renumeration] & (b) whether money is raised at the wrong price (look what happened to Sxx after it got locked into sh*tty death-spiral financing), or in smart ways (look how much extra money Leni made for REM through the cleverly structured equity-swap deal he'd made with YAGM, a really good win-win deal). (c) does the company raise the right amount of money? -- not too little, and not too much, given the purpose at hand. needs to be right amounts, and in timely manner -- both delayed funding, and funding too early, potentially costly. astar mcap is small, and although cash position very good compared to its market cap, it's not huge in comparison to some of the costs involved in purchasing licences and then uncapping/developing/improving the assets we'll want. so yes, if we are successful in securing decent sized licences, then we will need to secure funds for the work -- just bear in mind, that wouldn't represent a failure, that's actually very much part of key added value which astar brings to the table -- our BoD include well-connected money-shakers, who know how to arrange financing efficiently for good costs. that's a big reason larger mexican players, both operators and service companies, will want to partner with us ( -- alongside our connections and know-how to source tech experts). note, astar not an explorer trying to convince fund managers re money to explore for gold/ oil in papua new guinea etc -- funding hard to come by for such gambles, so placings are significantly discounted. astar negotiating for known assets that can be uncapped/improved/enlarged, in stable national operating conditions. there are already many majors who *want* to find ways to put money into mexican oil/gas; we can