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Aster Acquisition Corp C.ATR


Primary Symbol: V.ATR.P

Aster Acquisition Corp. is a Canada-based capital pool company (CPC). The Company’s principal business is the identification and evaluation of assets, properties or businesses with a view to acquire or participate therein subject, in certain cases, to shareholder approval and acceptance by the TSX-V. The Company plans to search for suitable assets or businesses to acquire or merge with in order to maximize value for shareholders. The Company has no operations and revenues.


TSXV:ATR.P - Post by User

Comment by thebadger1on May 10, 2005 12:32pm
50 Views
Post# 9015045

RE: ATR Comments

RE: ATR CommentsBy new to stockhouse you mean cal23, I don't agree. Funny how, an e-trade sale corresponds to implied negative comments about ATR the next day. I believe cal23 has been banned and this is his multiple user name. I encourage people to report this so stockhouse can track this down. Notice how rycro just started his username yesterday and has one post......lol. To answer your questions: 1)Based on the age of this company, their earnings have experienced significant growth and are fulfilling their ambitions to acquire a third site. The most dilution I would predict is about 3 to 5% based on previous issues and a combination of some debt financing. 2) Anterra is alike any junior competing with bigger players. There are barriers to entry but with numerous engineers with 20+ years experienced, I wouldn't be too worried about their ability to strategically position themselves....they haven't had problems yet. 3) Overall value higher, reserve life index resulted in a nominal change. They also have geological surveys underway. Any speculation at this point is just that. 4) Suffield has only been in operation with a 75% interest since November. Thus, with only one month actually reported at year end, I think it is fair to say that one should wait to see what results over the next few months. Only an idiot would make useage commments for a site with low history of data. 5) The taxes thing is actually a good sign. It means they are profitable. Further, they likely have non-capital loss carry-forwards that can be applied in 2005 from their initial start-up year and these carry-forwards are eligible for seven years. Thus, I wouldn't expect tax to be very high at all. 6) The $200,000 was not just at Scots Lake and there is belief from the production side this can be expanded. 7) Insiders have not sold a single share yet.....NEXT QUESTION!
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