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DogFather,
I'll let you carry on talking to yourself...
Ponguser,if you are not confident of the stock, then why hasn't your wife sold. Sounds like you are making it all up to give you an excuse to post on here.
Dog farted, you do realise the RNS is telling you that Parsons has magicked up nearly 43 million shares to hand over 20% of the company to the mysterious Ibrahim Diab.
I have not spent much time on this but a quick look shows that MBD Partners SA had revenue of 163,000 Euros in 2022 and is registered somewhere in Europe. Solid stuff there to support your gamble.
Looks and smells like the South African lot that Parsons told us were going to invest but which fell through a short while ago!
The news caused a fractional rise probably initiated by PI’s, certainly not institutional Investors but I am sure it will subside when the reality of a further dilution of this worthless company is recognised by those PI’s.
As you are an experienced, wise and prudent investor, you will know how easy it is to check the Institutional investors holding AST stock. 😜
At least Mr Parsons has one big fan on this forum! He's appeared out of thin air in the last 2 weeks & now appears to have an opinion on everything including having a pop at anyone that slightly disagrees with him!
I welcome any raise in the sp just so I can get my investment back and escape from this lhell after what seems a lifetime!!
Guzzleberries, I have read the RNS. You should practise what you preach.
Classic Parsons kicking the can down the road exercise .. with all those highlighted focuses it very strange that f..k all has happened in 3 years . How can you be focused on something with actually having any business with in that market.. Sums up this nonsense .. I think we’ve been here before with somebody putting in capital that ended up being hot air ….again.. For new to this business…. potential investors .. do your own research and don’t be persuaded to invest by some over excited characters that have recently occupied this forum.. First off look at the history of the directors .. successful or not ?… IMHO of course
It does. Ponguser wont be happy. I wonder if he is popping in later to take a look at his wife's shares ( Really).
What a windfall for them! but does show confidence and probably averts a cash call... good news
Looks like the investor thinks AST have good chance of winning the £565m claim.
In the event the Company's wholly owned subsidiary Ascent Slovenia Limited ("ASL") wins its arbitration claim against its Slovenian JV Partner in relation to the parties different interpretations of the application of the baseline production profile, then MBD shall be granted new five year warrants equivalent to 150% of their subscription amount at 5 pence per new warrant share, and exercisable, in full or in part, by paying the cash value of the exercise price to the Company
"This is a highly advantaged subscription despite difficult markets, which serves both to fund the business at a premium whilst also de-risking our near term inflection point with the expected Slovenian arbitration result. We are delighted to welcome MBD as a cornerstone shareholder and look forward to refining and delivering our strategy together. We believe this partnership will create both momentum and value for our shareholders and look forward to updating the market on our progress in due course."
Excellent news
They should have a statue of him outside LSE Headquarters.
He sums up AIM! Look what he has achieved in the last 10 years.
His Karma will come!! Trust me!!
The Midas touch by Mr Parsons at Echo Energy again. Reopened shares to the market today after 2 month suspension and nursing a 25% loss!!! Meanwhile he continues to draw a ridiculous salary!!! That why so many people doubt what info they are fed by the chancers running this company.
And still the FCA and LSE continue to look the other way as after all its in their interests not to get involved!!!!!
That would not make sense if it wasn't for the fact that Slovenia have withdrawn from the treaty. Why did they do this. The obvious conclusion is that they are afraid of being sued by more companies. Furthermore, wyt are they afraid of being sued if they believe that they will win. Dont forget, its is a fact that Rockhopper successfully won a judgement of £230 million against the Italian government. Logic points to AST having the same result.
Each day the claim is going higher and higher. I am amazed they have not made an offer to make us go away.
Slovenian government face losing a £656 million claim against them by AST. They can then be censured by the EU, something they definitely dont want. An easy way out for them is to settle AST claim , for lets see £50 million.
NoKash, ahh i see you are a bitter loser and have nothing better to do with your time. You lost money here and cant get over it.
For me , my stake £2000 is not a lot. Mind you when we settle the case and i get £20,000 back that will be very nice.Risk and reward.
Dog, you are lashing out like a loser!
You are focussed on a single hope which makes it clear to me that you have not undertaken any due diligence with this share.
Anyone who takes a different view to you is insulted which makes you a cowardly individual protected by the anonymity of this BB.
I will pop in here occasionally to see how you are getting on. You are a newbie to this board and I suspect that your naivety is due to being a novice investor who is reluctant to admit that he might have made a mistake! ….only time will tell and you will need a lot of it!!!
It puzzles me how this forum remains quiet & then suddenly from nowhere the same poster appears every day, almost making a case for the company & totally disregarding the opinions of long term shareholders???
Well despite all the news feed the share price remains in a similar position. If only the AST BOD could use their knowledge & expertise to actually develop some tangible results instead of simply hoping a court case will go in their favour. I know one thing it's taking an eternity for anything to materialise!!!
Ahh Winni, your name betrays a lot about you. A nasty Marxist, who loves taking bribes.
Anyway back to the facts.
AST have made a claim against Slovenia for £656 million for breach under the ECT treaty
Slovenia have withdrawn from the treaty ( but are still liable for damages
AST legal costs are covered by an insurance agreement where the legal company will be paid on a successful result.
I never have said that you will get anywhere near the full amount. But a 10% out of court payment by Slovenia would mean £50million in cash coming into a £4m market cap company.
TDF..
What utter nonsense you spout! You are blinded by the big numbers.. `but reality is that this will never come to anything..mark my words
As i thought bitter and a bad investor. You have admitted to be wrong before. There is a good chance you are wrong again.
Slovenia has exited the treaty, but is still liable to pay damages that a tribunal awards. £50m, seems lie a reasonable amount too get out of paying £565m.
Dog, I sold at a significant loss…I cannot see this share in the same light as you so will never get back in.
It was an expensive lesson for me, I should have bailed out on instinct when I attended the first shareholder meeting after parsons took over but the gambler in me robbed me of sense.
I suspect that not many of the attendees at that meeting are still holding. Like you, I was an enthusiastic and hopeful investor but eventually realised that I needed to cut and run and fortunately and luckily have found other opportunities.
Non existent opportunities touted by Parsons include the failed Cuban foray and current inactivity in Latin America should be warning signs for you. Relying on litigation being successful in Slovenia is a long shot that will not be resolved for many years, perhaps even decades.
Good Luck with your guesswork!
Kash has obviously sold out and is looking to get back in cheaper, why else post on a where you down shares.£50 million settlement for AST is very feasible.
Note the 20% increase in employee costs. It seems the board have awarded themselves well for nothing. The only identifiable employees are the board!!
Also note the auditors comment which is the same as the last report.
“ Based on historical and recent support from new and existing investors the Board believes that such funding, if and when required, could be obtained through new debt or equity issuances. However, there can be no guarantee over the outcome of these options and as a consequence there is a material uncertainty of the Group's ability to raise the necessary finance, which may cast doubt on the Group's ability to operate as a going concern. Further, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business.”
That maybe so .However if the court case is settled, then i believe that AST will get 350 million plus, which will of course be transformational for both the company and the SP.