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£25 million would multibag the shareprice. I can but dream ! Bear in mind the litigation is being conducted by a company that specialises in such matters not directly by the dodgy AST management, so how can anyone on this BB know the outcome, good or bad ?
GoHigh the reason why 6m mcap is that the company has been damaged. The longer this situation the more damage is done.
This is crazy! People rushing to get in on Ascent. I guess they have not been following the company for long.
The claim has increased, but the settlement is the same.
I doubt Ascent will see one cent from the Slovenian government.
Just another story by the BOD, just like Cuba and Peru.
Don't give any credit to the BOD. They've done nothing since they've been with AST - just hanging on in the hope of a payday! This sp will rise the day Dennan & Parsons deoart. What a disgrace they are!!!
That is a huge amount for a £6 mcap company.
Claim increased to €656 million.
Our market cap is £6 million.
This time next year, Rodney, we'll be millionaires!
Yawn!!!
Yes thats 656.5m euro / 165.75m shares = 3.96 euro per share, thats how much AST and shareholders have been damaged.
or £ = £3.42 per share .
Finally bought, but after a few attempts though
Ascent Resources' Damages Claim Against Slovenia Increased to EUR656.6 Mln
- By Christian Moess Laursen
https://www.marketwatch.com/story/ascent-resources-damages-claim-against-slovenia-increased-to-eur656-6-mln-9f069b37
Been trying to add some shares here can’t seem to wet a quote. Anyone managed to buy ?
Ascent Resources shares rise as Slovenia claim rises to €656mln
https://www.proactiveinvestors.com/companies/news/1021339/ascent-resources-shares-rise-as-slovenia-claim-rises-to-656mln-1021339.html?region=ca
Very modest lol, might be good for a punt but small stakes only. I threw 30k of shares at it because the mm's operate 30k only but most of these claims are bull, quite a few stocks out there doing similar PFP for example
That’s a big claim
Just had a glance round some of Mr Parsons other ports of call...
There seems to be a recurrent theme everywhere the man goes. A few other snippets of non achievement to add to his vast Portfolio!!!
Echo Energy - share trading currently suspended, Results delayed, one poster has demanded a response today as he suspects a scam and is going to report to FCA.
Corcel PLC Just today release an RNS announcing James Parsons stepping down as CEO of Corcel Plc after one month in the role.
Coro Energy - investors still waiting for news that they felt should've been reported weeks ago
Look at any of the BOD profiles.... Speaks volumes!
LSE continue to support!!
I think most who are aware of them would think the same...and hopefully the opportunity for them to do this will diminish as people steer clear.. But by then they will have accumulated greatly from this ...unfortunately...... and it's so wrong and is everything that is wrong with AIM .... IMHO
I was reading an article yesterday in a Sunday Newspaper written by a once ex Cabinet Minister who has run for years a leading publishing company. In the article he states that if a business is not performing over a couple of years then the answer lies with the quality of leadership and management.
Only in the world of AIM can characters like Parsons and Dennan succeed! Their names should be put in front of every financial journalist in the country to investigate why they can work in several part time roles, paying quite frankly ridiculous salaries for Accountants and in my opinion posting statements aimed at investors which clearly do not reflect the truth on how the company is performing as well as opportunities for growth.
To date both Dennan & Parsons have contributed absolutely nothing in terms of a return on investment for investors. They have merely diluted and prolonged any actual tangible results in order to draw their extortionate wages! It is obvious at present why they choose not to get into dialogue with investors & I am sure that the AGM will once again be stage managed to avoid answering any difficult questions.
My appeal to them as before would be to move on as quickly as possible. They are merely a self elected burden on the company and I challenge them that the business could recruit a new BOD on a 1/3 of their wages who would actually be interested on taking the business forward instead of misleading people that they are acting in the interests of investors.
Gentleman, I would not touch another business you to are involved in with a barge pole!! If you wish to argue then my investment is 82% down since you came on board.
A disgrace which should be echoed to show what a farce the AIM sector actually is!!!
All in my opinion but I doubt you could find anyone to disagree!!!
Interesting I believe it's the roll of the chairman. The last one prior to this one was only interested in refinancing ..this one would be if he could but they have nothing to dangle the carrot with. Although the 100/1 was to give them that option to..But no one would be mad enough to by into this circus! IMHO PS: once you are chairman you can bring in who you want unless enough shareholders challenge this in with an EX AGM .. I believe... so once in it would be easier to get army of rats out of sweet factory....Unfortunately
I have asked this before without getting a definitive answer...
Who at Ascent Resources (or parent company) actually makes the decision to appoint people like Andrew Dennan and James Parsons? Neither actually have any pedigree and apart from continually restructuring the finances of the business, they do not actually achieve anything!!
Look at the shambles Parsons left behind at Sound Energy. Look at the state of every AIM business he is involved in! Who actually decides that it is a good idea to employ these people? Investors are continually given a positive spin on things when in reality, the BOD's only real motivation is to keep the salaries coming in.
Without doubt, in any other sector people like these would just not be employed or would've been dismissed long ago.
Just what is happening in Slovenia?
Just what is happening with AST's Metals strategy?
These guys should be highlighted in the financial press because you really couldn't make it up what is going on here.
AIMHO
Yes they’ve also totally destroyed any chance of long tern holders getting their money back let alone make a profit .. and even after the 100/1 grad it’s fallen 25% from that price. It really begs the question why the company is still trading.. it certainly not for the benefit of the shareholders.. oh yes it still pay those salaries .. and for what? ….Imho
Most of the companies these characters are involved in are sicker than a ward full of covid patients. Share prices on the floor one is currently suspended. No real direction or consistent strategy, just flip flopping from one industry to the next Say's all you need to know about them. The only thing that is positive is the size of their part time salaries which are massive. They even pay themselves bonus for failure too ... you really couldn't make it up.......Shocking....IMHO
I have watched some of his Sound Energy interviews on YouTube and there is a lot of big words and waving hands around but when you really look into it, you can see there is no substance to anything Mr Parsons says.
He really sums up what AIM is all about... for anyone that disagrees - look how he has left Sound Energy and there is also Echo Energy/Coro Energy/Corcel... all the same as Ascent Resources. Virtually nothing achieved but spouting rubbish and the share price of them all speaks volumes!!!
It’s really scandalous how these character can continually get away with it!!!. They have been in charge for over 2 years and have done nothing but get a no win no fee legal firm to chase the proverbial Carrot. The 2 so call executive a both drawn in excess of £350 k each FOR SO CALLED PART TIME ROLLS. ( more than the PM of the UK) they have also got a few mates in from the directors pool of failures to join in the fun! This really gives the AIM a terrible name and needs investigating by the authorities. They not only doing it here look at others like .. Echo, Coro and Corcel plc to name but a few ! IMHO