Sep 04th 2012 - Edison Investment Research today published a report on All Star Minerals (ASMO.L, LSE:ASMO, LON:ASMO) entitled "Diversifying Interests". In summary, the report says:
All Star has sought to diversify its interests from uranium, thorium and iron in Sweden, to gold, silver and base metals in Australia through the acquisition of Circle Resources Pty Ltd in 2011 for A$535,000. This change in strategy will at least move All Star away from the current heightened political environment surrounding post-Fukushima uranium and its depressed price, towards commodities with a more positive sentiment and outlook, gold and silver. Its first spin-out following the acquisition, Blue Doe Gold Plc, is to be listed on AIM by Q213, pending appointment of a NOMAD and broker. Blue Doe Gold’s listing should be value accretive to All Star via its current 50m share interest.
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