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Cheers mate. Must have missed that.
Camkite-It was in the link list posted.
120 milion i wont say no but we will all find out very soon or 2 weeks from now monday+ 15-19th this month GLA
Tango - Love it when someone says exactly what i wan't to hear. lol.
"in the articles posted 120mill sounds about right" where is this written ?
oldblue1973- we have no idea what they are asking for as not released- but in the articles posted 120mill sounds about right, 50 mill was the investment then there is loss of earnings past and future.
well there asking for 50 million and you always go into a negotiation asking for more than what you want...unless your teressa may and a complete fool.....so they will probably go for circa 35 million ish..(align wants more than 25million)...with just pure cash is x2.6 from here or 32p per share but share price depends on herd or sentiment at the time the 35million ish will be more than enought to progress things for them all imho etc etc GLA and DYOR!!!!
Happyzone - if it was the old government then you may well be right.
In this instance, with a new government I would imagine they will just want to clear the way for the future and not have litigation hanging around their necks.
To give a fixed deadline can only be seen as a positive & they will make it back in taxes & create jobs in the economy.
They have little to gain dragging it out & litigation is expensive.
The political risk is far greater than the pay-out, there will be foreign investors watching with interest, if Slovenia are taken to arbitration it will hurt foreign investment at a time when it is greatly needed. Ascent have a very strong case and Slovenia a track record of poor/ lengthy administration.
HAPPYZONE- so you think that in 6 months of talks there has been no mention of money and bartering? I very much doubt it. AIMHO
Don't wish to pee on your bonfire, but those were the words of "the investors", not the government;
" The Investors have as a consequence agreed to postpone the initiation of international arbitration until at least such date, and expect that settlement discussions will conclude around the end of this four week period with a view to signing binding settlement documents as soon as practical thereafter."
IMO, the government will make on offer on 19th March, which will probably be rejected by Ascent and then lead onto arbitration. Only my view, but I don't see why the Slovenians would suddenly hurl £50m+ at Ascent without a fight.
"then the settlement agreement to be signed as soon as possible"
Blooooody marvellous from this level. might see high teens before news drops.
They did not announce more about the settlement from Ascent, but added that they expect the settlement talks to end in four weeks, and then the settlement agreement to be signed as soon as possible
People will be piling in here soon enough.
full google translation of article in the
https://www.pomurec.com/vsebina/61516/Se_spor_med_Slovenijo_in_Ascentom_bliza_koncu?
Is the dispute between Slovenia and Ascent coming to an end?
24.02.2021 at 6:00
On Friday, the Republic of Slovenia informed the British company Ascent Resources, which deals with the extraction of natural gas in Petišovci, that it would respond to the settlement offer on 19 March.
Ascent Resources is in dispute with the Republic of Slovenia due to complications in obtaining a permit for the use of hydraulic stimulation
Let us recall that Ascent's main complaint is that Slovenian institutions exceeded the deadlines in the decision-making process on the request for environmental impact assessment in small-scale hydraulic well stimulation procedures in Petišovci. In addition, they challenge the decision of the Environmental Agency of the Republic of Slovenia (Arso), according to which an environmental impact assessment is required.
A preliminary procedure to determine whether the implementation of small-scale hydraulic stimulation in wells PG-10 and PG-11a affects the environment was started in May 2017. At that time, Arso received the opinion of six experts, all of whom ensured that such activity had no impact on environment.
Nevertheless, in March 2018, Arso decided that an environmental impact assessment would have to be carried out. The investor appealed to the second-instance body, the Ministry of the Environment, which rejected the appeal in June last year. Ascent claims that the ARSO did not make an impartial decision, as the Minister of the Environment made statements several times during the proceedings, which portrayed Ascent in a negative light.
In September last year, Ascent formally initiated proceedings to initiate a lawsuit against Slovenia before an arbitral tribunal, and direct negotiations between Ascent and the Republic of Slovenia began last October.
On Friday, the Slovenian side informed the British that it would be able to respond to the settlement proposal on 19 March. At the same time, the Republic of Slovenia also demanded that Ascent not initiate any arbitration proceedings until 19 March. Ascent agrees to postpone international arbitration until the proposed date.
They did not announce more about the settlement from Ascent, but added that they expect the settlement talks to end in four weeks, and then the settlement agreement to be signed as soon as possible, Finance reports.
"It will pay exactly as much as it will take"
£100b please.
https://www.google.com/search?client=firefox-b-d&q=translate
Looks like a case of very poor translation software.
25.02.2021 at 8:00
kilos guest
* It will pay exactly as much as it will take, if you don't understand that people don't want this breaking in their backyards, and you don't have to pay anything to the state, take the English to your backyard ... alas, you don't have it
Is it just me or does that not make any sense ?
some of the comments amongst others after the article published below website:
{ translation }
24.02.2021 at 20:05 guest
* Is the dispute between Slovenia and Ascent coming to an end?
How much will we pay !!
25.02.2021 at 8:00
kilos guest
* It will pay exactly as much as it will take, if you don't understand that people don't want this breaking in their backyards, and you don't have to pay anything to the state, take the English to your backyard ... alas, you don't have it
Se spor med Slovenijo in Ascentom bliža koncu?
24.02.2021 ob 6:00
https://www.pomurec.com/vsebina/61516/Se_spor_med_Slovenijo_in_Ascentom_bliza_koncu?