Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

All Star Minerals PLC (ASMO)

  Print      Mail a friend

Tuesday 30 September, 2014

All Star Minerals PLC

Half-yearly Report

30 September 2014

                             ALL STAR MINERALS PLC                             

                  ("All Star", the "Group" or the "Company")                   


All Star Minerals Plc (ISDX: ASMO), the ISDX Growth Market Company with a focus
on Natural Resources, is pleased to announce its Interim Results for the six
month period from 1 January 2014 to 30 June 2014.

Chairman's Statement

The past 6 months have continued to be a difficult period for listed junior
resource companies. This is despite increased IPO activity in markets globally
and improving economic indicators.

The board is very aware of the issues that the Company faces and continues to
review ways in which All Star can achieve its corporate objectives going

However, despite this challenging environment, All Star has been active in the
period under review.

The Company's primary focus during the period under review was on the "Big One"
project, originally announced on 12 November 2013 and the Peter Craigie Mine
announced on 31 March 2014.

The Big One

Pursuant to an agreement dated 1st November 2013, NQ Mines Pty Ltd ("NQ
Mines"), a wholly owned subsidiary of the Company agreed to acquire a tenement
(Mining Lease 5481, Mt Isa District), located in Queensland Australia for a
consideration of Au$150,000. The tenement is known as the "Big One".

NQ Mines paid a Au$10,000 non-refundable deposit in relation to the agreement.
On completion of the acquisition NQ Mines will pay the remaining Au$140,000,
which was anticipated to be payable by 1 May 2014.

On 16 June 2014 the Company announced that it had agreed to extend the
completion date to 31 December 2014 in order to provide the vendor further time
to renew licences and obtain the relevant transfer consents.

About the "Big One"

The Big One is situated on a North-East striking fault structure, which lies
sub parallel and approximately 11 kilometres from the Mount Gordon Fault Zone.
The deposit lies in the Myally Subgroup within the dolomitic, feldspathic
sandstones and siltstones of the Upper Lochness Formation and the feldspathic
quartzites and sandstones of the Whitworth Quartzite. Fault structures stand
proud as hills above the lower lying unfaulted sediments.

The outcropping mineralisation at The Big One is predominantly copper lode
within vesicular basalt of a fault gouge. The dominant copper mineralisation is
malachite, whilst chalcocite and azurite are also present.

Peter Craigie

On 31 March 2014 the Company announced that it had entered into an option
agreement on the Peter Craigie Mine, located in North West Queensland. The
consideration for the option was AS$15,000 with a further AS$145,000 payable
should the Company exercise its option.

Peter Craigie Mine is a mining lease covering 119 acres in North West
Queensland, Australia. The project is located 15km north of Dajarra, a small
town some 150km south of Mount Isa, a city that hosts a number of major copper
and base metal mines including Mount Isa Mines.

On 5September 2014 All Star announced that the board had decided not to proceed
with exercising the option to purchase the project based on analysis of
drilling results.

Other developments

On 13 August 2014 the Company announced that its 53 per cent. subsidiary
undertaking -Blue Doe Gold PLC had obtained shareholder consent to dispose of
the Blue Doe, Eagle Hawk, and Edward tenements to NQ Minerals Pty Ltd.

These tenements were disposed of for a consideration of 40,000,000 ordinary
shares in NQ Minerals Pty Ltd representing 9.09 per cent of NQ Minerals Pty
Ltd's issued share capital, an Australian company controlled by Mr Walter


The consolidated financial results for the period from 1 January 2014 to 30
June 2014 show a loss after taxation attributable to equity holders of the
parent of £194,818. The basic loss per share was 0.05p. The loss is
attributable to ongoing administrative costs associated with the running of the
Group, and exploration expenses.

On 19 February 2014 the Company announced that it had entered into a
convertible loan agreement with Valiant Investments PLC and received £20,000,
repayable by 14 May 2014. The Company has agreed to pay all interest on the
coupon after the maturity date until 14 November 2014 in cash. If the
Convertible Loan Note remains outstanding at this date it will accrue interest
at a rate of 20 per cent per annum.

On 5 March 2014 the Company announced that it had agreed to extend the terms of
3 Convertible Loan Notes with an aggregate principal of £100,000 to maturity
dates in July 2014. The Company is pleased to announce that the holders have
agreed to further extend the term of the loans for a further 6 months - with
maturity dates in January 2015. A separate announcement will be made in
relation to this extension.

On 10 April 2014 the Company announced that it had raised £180,000 through the
issue of 226,000,000 new ordinary shares in the Company at a price of 0.08
pence per share.

The Company is carefully managing its working capital and is seeking to raise
further funds in the near future.


Whilst the Company has been active within the reporting period, the board have
also been giving serious consideration about the long term direction of the

To this end, the board are continuing to appraise the asset base to ascertain
whether the disposal of the remaining tenements given the early stage nature
and limited exploration work having been done, is the right choice for the

Presently the funding climate for early stage exploration juniors continues to
remain frustrating and challenging at the same time. Therefore, the board has
to keep this in mind with respect to our exploration commitments.

More positively and forward looking, the board is also actively looking at a
number of attractive large projects with a key focus being on near term
production/cash flow visibility or project scalability based on sound
geological technical data being available to review.

Tomas Nugent
Executive Chairman
30 September 2014


                                Unaudited         Unaudited           Unaudited
                           6 month period        year ended      6 month period
                            ended 30 June       31 December       ended 30 June
                                     2014              2014                2013
                                      GBP               GBP                 GBP
Revenue                                 -                 -                   -
Administrative expenses         (185,334)         (497,232)           (170,415)
Finance costs                     (9,990)           (7,123)             (2,879)
Other non-operating                     -                 -                  55
LOSS BEFORE TAX                 (195,324)         (504,355)           (173,239)
Income tax expense                      -                                      
LOSS FOR THE YEAR FROM          (195,324)         (504,355)           (173,239)
CONTINUING OPERATIONS                                                          
Discontinued operations                 -         (139,418)                   -
LOSS FOR THE PERIOD/YEAR        (195,324)         (643,773)           (173,239)
Attributable to:                                                               
Equity holder of the              194,818          (539,033           (136,438)
Non-controlling interest            (506)         (104,740)            (36,801)
LOSS PER SHARE                                                                 
Basic & diluted (pence per share)                                              
Continuing operations              (0.05)            (0.16)              (0.04)
Discontinued operations                 -            (0.04)                   -

AS AT 30 JUNE 2014

                                Unaudited         Unaudited           Unaudited
                          at 30 June 2014    At 31 December     at 30 June 2013
                                      GBP               GBP                 GBP

NON CURRENT ASSETS                                                             
Property, plant and                    54               160                 275
Intangible assets                       -                 -             489,070
Available for sale                      1                 1                   1
Trade and other                    11,111            10,764              12,464
                                   11,166            10,925             501,810
CURRENT ASSETS                                                                 
Trade and other                    87,194            92,612              26,558
Cash and cash equivalents          78,888             2,362              17,569
                                  166,082            94,974              44,127
TOTAL ASSETS                      177,248           105,899             545,937
EQUITY PLUS NON-CONTROLLING INTEREST                                           
ISSUED SHARE CAPITAL AND RESERVES                                              
Share capital                     373,028           350,428             340,728
Share premium                   1,317,049         1,152,849           1,152,849
Reserves                          720,452           720,452             696,894
Retained profits              (2,720,846)       (2,526,028)         (2,126,226)
Foreign exchange                   20,767            28,500                   -
SUBSCRIBED CAPITAL              (289,550)         (267,799)              64,245
Non-controlling interest         (57,966)          (57,460)              24,499
TOTAL EQUITY                    (347,516)         (325,259)              88,744
CURRENT LIABILITIES                                                            
Trade and other payables          524,764           431,158             457,193
TOTAL EQUITY AND                  177,248           105,899             545,937


1. The financial information for the six months ended 30 June 2014, year ended
31 December 2013 and the six months ended 30 June 2013 has not been audited and
does not constitute statutory accounts within the meaning of Section 434 of the
Companies Act 2006.

2. Basic loss per share has been calculated using the weighted average number
of shares of 400,581,745 (31.12.13: 335,668,046; 30.6.13: 322,358,154). Given
the loss per share, there are no dilutive instruments in issue.

3. The Directors of the issuer accept full responsibility for this

4. The interim results have not been reviewed by the Company's auditor.


All Star Minerals plc
Tomas Nugent, Chairman
Conrad Windham, CEO
01366 500722

ISDX Corporate Advisor
Cairn Financial Advisers LLP
Liam Murray
020 7148 7900

a d v e r t i s e m e n t