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EXCLUSIVE: Ascent Resources ask shareholders for ability to raise funds


Ascent Resources Share Chat (AST)


EXCLUSIVE: Ascent Resources ask shareholders for ability to raise funds. Watch Here


Share Price: 0.63Bid: 0.60Ask: 0.65Change: 0.00 (0.00%)No Movement on Ascent Res.
Spread: 0.05Spread as %: 8.33%Open: 0.475High: 0.63Low: 0.63Yesterday’s Close: 0.63


Share Discussion for Ascent Resources


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WHYAST1605
Posts: 1,285
Premium Chat Member
Opinion:No Opinion
Price:0.63
RE: Meeting with Jure Leben
Today 07:07
JURE LEBEN SPOKE WOPITH OVERCA HUNDRED BUSINESS LEADERS INCLUDING CH and assured them he would streamine the permitting process with clear timescales and open discussions with applicants whilst ensuring the environmental standards of Slovenia are met.

He nade thatnoromise less than a month ago so it is over to you Jure Leben to demonstrate the apparent criticism you received is unfounded....!
 
JohnnyB.Goode
Posts: 3,513
Opinion:No Opinion
Price:0.63
RE: Meeting with Jure Leben
Today 06:38
The SP reaction yesterday was basically due to Colin´s optimism that now the ARSO head has gone and maybe Jure Leben found out there was some corruption involved in granting permits, he has now decided to intervene and ensure the permitting process operates fairly and in a timely manner. That is what Colin is hoping for I believe. Is he being naive, time will tell. Meeting by latest next week arranged between the two would be a start.
JohnnyB.Goode
Posts: 3,513
Opinion:No Opinion
Price:0.63
Meeting with Jure Leben
Today 06:31
Colin needs to push for this meeting asap. ARSO has lost its man at the top, the reason for his resignation is vague. Permits should have been granted years ago and Jure is now the man it seems to authorise these crucial permits for AST´s survival as a company.

Jure also should be putting this meeting with Colin at the top of his agenda considering the press its getting and the bad sentiment over Slovenia´s permitting system, likely putting off future foreign investment.
joshua767
Posts: 659
Opinion:No Opinion
Price:0.63
Emerald Carrots
Today 01:52
Emerald Carrots I have noticed your posts have gone from extremely positive to rather pessimistic since you sold out.
TinPotTrader
Posts: 2,794
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Today 00:42
Tp23,
Will leave you to debate matters with others... Watching what I say on here now as are a number of other genuine holders as the press are utilising it for material to justify their existence, the same being applicable on twitter!....
Certain posters/tweets have been reported to the police apparently due to things they have said and are being investigated!....
Tp23
Posts: 46
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Today 00:30
TPT,
I really don’t see what your point is? I know that plans can change and that other ‘things’ can be done? The point I raised was simply to express that a near term fund raise should the BOD receive sufficient votes was a high probability! I did not state that was a negative thing or a positive thing only that it was a possibility inferred by the BOD!
EmeraldCarrots
Posts: 1,636
Opinion:No Opinion
Price:0.63
To be clear Mr Lebens intervention
Today 00:26
did apparently stop the IPPC permit from being issued. Ascent's CEO had been privately assured by ARSO the permit would be issued. So whatever Mr Leben says the facts seem to be he has caused the IPPC permit not to be issued, indeed at the very very last minute we are told. So I ask myself what is Mr Leben's agenda? Just about anyone who has followed this sorry story for the last 5 years in Slovenia will have been stunned and shocked by Mr Leben's actions after all the previous delays and most will think there are dark powers at work with all this. To coin a phrase it stinks to high heaven IMHO.
All IMHO.
TinPotTrader
Posts: 2,794
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Today 00:20
Tp23,
And plans can sometimes change based on other factors!.... And there are other things that can be done on wells in the Petisovci Project without permits too!....
reso
Posts: 4,245
Opinion:No Opinion
Price:0.63
RE: Truth is
Today 00:18
Ff, I don't expect you would...
Tp23
Posts: 46
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Today 00:09
TPT, I’m sure there are ways of isolating water ingress, I am just reiterating what the BOD stated in the RNS as a likely requirement for near term funding!
reso
Posts: 4,245
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Today 00:05
My opinion hasn't changed:-

______________________________________________________________________

AST
RE: A fund raise of 2.5 million
3 Nov '18

TPT,
If they're going to re-stimulate PG10 & 11A and wish to make even a token start of the proposed 'Phase 2' of the project ( now almost a year behind schedule ), it's going to need at least that. If they go for anything less, I'd confidently conclude, they're having you on. You'll be doing nothing more than funding the 'BoD's lifestyle.
______________________________________________________________________

.

IMV, they don't ( or have ever believed the IPPC is 'imminent' { most probably knew the exact opposite} ) expect anything in the immediate future. They just want to re-open the door to enable them to continue as they always have, permitting is irrelevant to what they've become accustomed to.

The important licence here, is the one to re-stimulate PG10 & pg11A, now behind the IPPC. Without it, there is no need for project funding. The lesser amount for me smells 'life style', all day long... untill the next, if needed.
Fastfood
Posts: 1,017
Opinion:No Opinion
Price:0.63
RE: Truth is
Today 00:04
C’mon Reso. As if I would ever behave the same way as Mr CC.
I’m stating Facts. He very clever. And nobody who EVER Invested, EVER had their arm up their back. Fact.
EmeraldCarrots
Posts: 1,636
Opinion:No Opinion
Price:0.63
So if Ascent get the ok to do a
Today 00:04
placing at the meeting there are I think 3 scenarios.
1. They do not do a placing for now, just carry on as is hoping the well holds up volume for the next few months.
2. They do a say £1m placing to keep the Company ticking over for at least 6 months.
3. They do a bigger placing, say £2m to fund work on that frankly annoying well pg 11a and the more user friendly well pg10. This apparently wpould increase gas production but until done no-one will know by how much. Should mean well pg11a contributes at least.
But the long term development depends on the permits no matter what is done. Without the hydraulic stimulation permits the future would not look good. Thus Ascents future is in the hands of ARSO (with a new person at the top presumably) being overseen by Mr Leben. Mr Leben is key and frankly I don't trust him due to the timing of the intervention which has once again delayed the IPPC permit. Without his intervention it seems Ascent would have the permit, even if ARSO did not follow correct procdedures. I don't think Ascent could care less as long as they have the permit.
All IMHO.
EmeraldCarrots
Posts: 1,636
Opinion:No Opinion
Price:0.63
So if Ascent get the ok to do a
Today 00:03
placing at the meeting there are I think 3 scenarios.
1. They do not do a placing for now, just carry on as is hoping the well holds up volume for the next few months.
2. They do a say £1m placing to keep the Company ticking over for at least 6 months.
3. They do a bigger placing, say £2m to fund work on that frankly annoying well pg 11a and the more user friendly well pg10. This apparently wpould increase gas production but until done no-one will know by how much. Should mean well pg11a contributes at least.
But the long term development depends on the permits no matter what is done. Without the hydraulic stimulation permits the future would not look good. Thus Ascents future is in the hands of ARSO (with a new person at the top presumably) being overseen by Mr Leben. Mr Leben is key and frankly I don't trust him due to the timing of the intervention which has once again delayed the IPPC permit. Without his intervention it seems Ascent would have the permit, even if ARSO did not follow correct procdedures. I don't think Ascent could care less as long as they have the permit.
All IMHO.
TinPotTrader
Posts: 2,794
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:54
Tp23,

There are ways of isolating water ingress!....

How can further information be given regarding the Strategic Review when prospective parties have “Commercially Sensitive” information tied up in this!....
misiekm
Posts: 1,241
Opinion:No Opinion
Price:0.63
RE: Truth is
Tue 23:44
Fastfood , true
Its surprising how many PI's are in readiness to dilute without knowledge on the permits & SR.

AST is CC nice play, no wonder he does not want to let it go.
EmeraldCarrots
Posts: 1,636
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:41
Hello. It's possible but IMHO unlikely. The gas sold is just covering all the bill/wages etc. at the moment, which is good for now. The gas volume is decreasing steadily so the bank balance will in time start to go backwards. Up to Colin and directors but I think at minimum there will be a placing of say £1m to give a cushion and show the market Ascent is funded for several months if need be. That is my opinion for what it is worth. I may be wrong. There are always possibilities. I suppose there is a chance that if Ascent get the ok vote to do a placing this Company they say are interested in a deal might decide to make an offer. You never know. Maybe Mr Leben will waive through the IPPC permit, although if that happens I'll fall off my seat, then pinch myself to make sure I'm not dreaming.
All IMHO.
reso
Posts: 4,245
Opinion:No Opinion
Price:0.63
RE: Truth is
Tue 23:37
Fastfood, if you did the same, the consensus of this board, would qualify you as scum of the earth.

There are double standards everywhere, just depends which pocket is more likely to put food on your table.

Don't forget, there's always 'fish& chips ' if you can't have the 'Turkey and Full Trimmings' again this Christmas.
Tp23
Posts: 46
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:34
TPT, The Notice of General Meeting RNS indicated that the revenue from the wells was declining and will continue to do so unless they are reworked? It also mentions that “In the short term and independent of permitting and subject to funding, the Company could seek to increase current production through a workover of Pg-11A to isolate and seal off the source of formation water and by the installation of compression equipment to prolong the life of Pg-10” I think that if the BOD receive the requisite votes then a raise would soon follow?
I would like to hear the outcome of the visit with the Minister before a vote and would also like to have a little more information re the SR?
misiekm
Posts: 1,241
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:28
EC ,
Indeed 0,3 sounds like price for discounted placing should it happen.

Little private agenda as usual.
reso
Posts: 4,245
Opinion:No Opinion
Price:0.63
RE: Morning share price
Tue 23:26
Investor112,

At 0.75p, gap is filled... so dependant on news, it's either way!
Maybe there will be a little 'Sir Brucie Bonus'.... but I wouldn't count on it. Higher or Lower 0.75p? Take your pick!
Fastfood
Posts: 1,017
Opinion:No Opinion
Price:0.63
RE: Truth is
Tue 23:26
Easy to answer your Question re why CC is still on the Board.
He is simply a very clever bloke. You can not deny.
Dcrossland93
Posts: 126
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:23
EC - No legal / court fees = no need to raise surely? Wasn’t the placing only being done to fund the event of taking legal action?

I would like to see the outcome of these talks with the minister before voting on fund raising IMO.
stockdale
Posts: 4,558
Opinion:No Opinion
Price:0.63
RE: Morning share price
Tue 23:08
We've got Basil Brush next week?
EmeraldCarrots
Posts: 1,636
Opinion:No Opinion
Price:0.63
RE: Proposal re issue of equity
Tue 23:02
TinPotTrader.
If Ascent get the votes at the meeting to do a placing I'm sure they will.
I hope no Co's with a nasty agenda have scooped up a chunk of shares when the price was low so they can help torpedo Ascent by not voting. Dark forces at work here I think most would agree. If Ascent don't get enough votes to do a placing then the sp will re-visit 0.3p and worse I'm afraid. I hope they make it. I really do. They may not.
All IMHO.




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