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No its not there's no stick at all its simply a court case run and paid for by a very professional set of lawyers who are willing to front all the expenses themselves as they obviously believe they can win,
The only part AST (or more accurately your nemesis Parsons) are responsible for now is distributing funds which the RNS has addressed very nicely.
The old carrot and stick method of trying to get some interest in a life style company! That has shafted it’s long term investors . Long ago .. And now is offering to distribute funds it currently
Doesn’t and may never have. (win)A typical Parson’s jam tomorrow nonsense…imho
Surprised at the amount they want to distribute to shareholders. 49% of any win is massive imho, granted they have to win but they do have a habit of winning cases starting to build so very happy to continue holding and see what happens down the line.
You also simply repeated a previous post of mines. Hence why you are simply found out. Go do yourself and move on. Really unfortunate that there is the manipulation of this poster.
Annoying as I used to post on PRD before and you mention them, as if to aling yourself.
To others do not ignore Spoondulicks- check their posting history and what has been posted.
Spondulicks- Noticed for a new poster you have just done a total of 11 post all of which are 11 new posts on 25th November. These posts appear to repeat or give various ramping and de-ramping / repeat postings. You have been found out..... jog on.
Generally avoid posting in LSE due to trolls. Our loss is definitely a gain. I am afraid for Echo - this appears to being a sell off with their new CEO (for Echo) who knows how to do solvency (due to his/they/that/whatever) history. AST seems to have rid itself of a director who would be perfect for selling them up for maximum value - they no longer need them / him / her - their skills have been moved on. This is due to their history. Think this company has no need for a director (do your own research - very basically) that is needed to get money from a failing company. I am afraid for all Echo holders - the new CEO should have a great package (see history).
AST seems to no longer require such a instrument. Just saying. Just a old boys thoughts. I will probably not poet again for 6 to 36 konths so trolls are free to kick me or love me.
FYI. Funsay Sunday afternoon beers are the best. DYOR.
I do think AST has massive upside - might a while but within 12 months -ish.
And Cuba has been all but forgotten. Paid a lot of money for nothing.
Other than to manipulate the stock price and fill the pockets of those close to the board.
Silently slipped into nowhere.
That fiasco alone would be enough to get rid of most BODs.
While all the current noise is about the Slovenia situation, it is a nice and convenient distraction for the BOD regarding AST's metals strategy which we are led to believe is a key strategic focus for the business.
In 2 years, nothing whatsoever has materialised. We are now at the point in the year when the excuses about holidays etc can be used and before we know it Spring 24 will be here.
What a disgrace the overall management has been. I suggest that AST get some full time leaders in instead of these part time jokers on ridiculous salaries.
Will this nightmare of an investment ever turn around instead of endless talking and no action!!
Was it ever the responsibility of AST to submit an EIA? I would have thought it was the responsibility of the project operator, which ironically a company part owned by the Slovenian government...
I do not, and have not from the very beginning, believed AST will win their case against Slovenia for one important reason.
Slovenia DID NOT prevent AST from fracking. When AST applied for the permit, they were told that the government would not approve their permit without and environmental impact assessment.
Instead of hurrying and doing an EIA, AST twiddled their thumbs until a new law against any fracking was put in place.
The defense will surely show that it was AST who caused the delay in the permitting of the fracking.
I said at the time that AST should have rushed ahead with the EIA for the entire field, but CH had already left and the JB board had no interest in improving the company.
I would be amazed if AST was to win the case.
Generally avoid posting in LSE due to trolls. Our loss is definitely a gain. I am afraid for Echo - this appears to being a sell off with their new CEO (for Echo) who knows how to do solvency (due to his/they/that/whatever) history. AST seems to have rid itself of a director who would be perfect for selling them up for maximum value - they no longer need them / him / her - their skills have been moved on. This is due to their history. Think this company has no need for a director (do your own research - very basically) that is needed to get money from a failing company. I am afraid for all Echo holders - the new CEO should have a great package (see history).
AST seems to no longer require such a instrument. Just saying. Just a old boys thoughts. I will probably not poet again for 6 to 36 konths so trolls are free to kick me or love me.
FYI. Funsay Sunday afternoon beers are the best. DYOR.
I do think AST has massive upside - might a while but within 12 months -ish.
Wander, looks like our loss is echo's gain (contentious assertion perhaps).
No the ECT claim WONT go up in a puff of smoke if they withdraw from the ECT.
All you need to verify for yourself is to google “Energy charter treaty sunset clause”
20 years the obligation sits around for! Maybe you should call Enyo Law and inform them of their misguided due diligence on the claim? lol!!
Even if a withdrawal the terms of the membership would be like coverd by the EEC its an EEC membership packt. like Brexit you cant just walk away, you know what iI mean Borris.
Why do you think withdrawal likely? If it's really likely, then why is the duration of claim relevant? Is this true insight or merely deramp?
Lash when is the record date for share holders. .?
If The EU, or specifically Slovenia, withdraw from the ECT (Energy Charter Treaty) which seems likely, then AST’s claim will disappear in a puff of smoke.
Withdrawing or not from the ECT will not change the fact that dispute settlement in favour of the Investor does not guarantee a government paying out.
If you look at the Investment Dispute Settlement Indicator (ISDI) claims can be pending for decades. There is no real mechanism for ensuring governments pay out if they are found against.
Best bet here is to trade on the current wave of optimism but as with all “trading” strategies, the trick is to get the timing right.
Not much to fear with this co regarding placings.ie:-
No Discount and warrants at a large premium
04 April 2023
The Company has today raised total gross new equity proceeds of £0.4 million by way of issue of 13,333,333 new ordinary shares of 0.5 pence each ("Placing Shares"), to existing shareholders, at a price of 3 pence per Placing Share ("Placing Price"), being Friday's closing bid price as reported by the London Stock Exchange (the "Fundraising"). Subject to shareholder approval, each Placing Share shall have one warrant attached to it giving the holder the right to exercise the warrant into one new share of the Company by paying a warrant exercise price of 5 pence per new warrant share at any time in the next two years
Following Admission of the Placing, the Company will have 165,751,348 Ordinary Shares in issue,
Followed by the more impressive investment at a 35% premium with warrants set even higher which pushed the sp up c. 35%last month.
03 October 2023
Strategic Investment
In support of the collaboration, MBD has agreed to subscribe directly for £1,500,000 in new equity via a direct subscription (the "Subscription") at 3.5 pence per new share (the "Issue Price"), being an approximate 35% premium to the closing bid price of 2.6 pence on 2 October 2023
That along with their tendency to win their court cases would seem to be one of their strong points.
Hope you’ve all voted against the issue of equity. Don’t let these overpaid crooks continue this circus.
Agreed generally kenj and hopefully they'll be told that by their LT holders at the meeting.
Should note that I posted I'd be watching closely what comes from the meeting before committing more funds not that I was piling in now.
"Knowing for sure that "if" they win big they're committed to distribution of funds to holders would have me buying more so will be watching closely to see how it pans outs at their meeting."
Panman,
There is no for sure about it!
What AST said was "The Company also announces that it is considering a distribution to qualifying shareholders on a future record date of an assignment to part of the proceeds ... "
The relevant words are "IS CONSIDERING".
This is a meaningless statement, that commits them to absolutely nothing!
After the many disappointments and losses suffered by the shareholders, I would have expected the company to announce that they are committed to returning a significant part of any winnings to the shareholders. After all the shareholders are the owners of AST, the directors effectively their employees.
The only point you can claim is that you don't believe they're worth the cost not that they're not worth it.
In actual fact after chasing down a €656M claim via a no win no pay law firm from the country that's effectively stolen their asset they're very much worth the money.
Most AIM directors would have simply rolled over and took it then diluted the heck out of holders several times on a new project which would eventually fail anyway.
Do think you should have sold years ago and moved on as their tactics have necessarily taken quite some time and aim punters as a whole aren't into patience.
Still missing my point.. They aren't worth the cost.. Nether executives have achieve any long term benefit for the shareholders or the company, of any company they've been involved in... they just milk the gravy train until there rolls become untenable ... If your happy with then that's your prerogative .. but i'm sure as not
Your point is in error winni. They're not on high salary's for aim directors they're on relatively low salary's and the co. is moving forward just as well as it can do seeing it was ripped off by the Slovenian gov, its Slovenian partners and those operating the play for them.
Suing to recover funds was all that was left for them unless you wanted them to raise in the meanwhile for a S.American asset that given the history of aim co's trying to bring an asset to cash positive position with no funds would have ended in billions of shares in issue?
Patience through the court shenanigans has been the best policy for LT holders here in that respect and if in a year or so if they do win their big court case everyone's going to be congratulating them for it.
In the meanwhile they're winning cases against their partners and are now due a lump sum of some 3.5M euros along with a greater share of the revenue gong forward from their partners and are managing to place at a premium which pleases new holders if not those still hanging on from the pre covid pre attempted theft of their asset days.
Agree its been a hard slog for LT pi's holding but its not as if it wasn't an obvious sell once they started having difficulties in Europe is it so those holding and not jumping ship have only themselves to blame really.
Your missing my point..i don't have an issue with executives being paid high salaries if the company is moving in the right direction.. and after 3 years this one is limping a long with no new direction or strategies. just the same old carrot dangling.. Whilst doing F all to justify their incomes.. if your happy with then thats your chioce..