The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Obviously it's still going on, have you seen the list of court cases that is being dealt with? You lost interest because you didn't make a quick buck on the court case didn't you? Gambling at it's finest.
Is it still on going?
I lost interest in following this scam company
Are peeps in shock here?
Not original line, for reason.
This should be renamed Descent Resources (DST) LOL.
No one believes the very poorly delivered hot air CoreTV update. You can only get away with ballsh*t for so long before the chickens come home to roost! Neither Parson's or any of his sidekicks have achieved anything whilst being at the helm of any business on the AIM. They might have been OK in a bigger organisation where the decisions were made by people who knew what they were doing. Now left to their own devices they are all over the place clutching at straws.. Here's a thing if the Helium State side is such a great opportunity why is it that a basket case business from the UK is given the opportunity ...AIMHO
Couldn't agree more Pinguser and very well said. I think positive change is on the horizon, and maybe sooner than we think. Shareholders have had enough of this ongoing charade and finally speaking up at AGM. With their votes. Dennan and Parsons will try all their usual tactics to stay in post, but they don't seem to realise that every dog will finally have its day. Truth always prevails. We now know what kind of wool they've been trying to pull over all our eyes. No more..
Further confirmation over at Coro Energy that James Parsons is bad for your wealth! In my opinion he typifies everything that is wrong with AIM. He has not delivered any tangible results while with AST.. thankfully, this has been recognised by investors at long last.
I would urge both himself and Andrew Dennan to leave AST also and lets get some motivated Directors in their place, on sensible salaries and who actually want to take the business further - not just simply using loopholes and misrepresentation.
Apparently, a key strategic focus of this business is metals in South America!! Absolutely nothing has materialised. Investors have been given information which they genuinely act on and still the FCA continue to look the other way. The added factor that the LSE gives them a forum to communicate through is an embarrasement in itself!!
This simply cannot be sustained. Parsons has been voted out of Coro. I think Ascent shareholders will do the same at the next AGM, including if possible Dennan. I think it's the end of these fat cats. They've been found out. They've never done a hard day's work in their lives like the rest of us shareholders. I think it's high time they find alternative work.. that's if they can.. (not much of a CV in my opinion, can't see them getting any financial backing from anywhere else from their track records), so I hope they have enough money in their banks to last them a lifetime. Dennan may well end up selling his Ferrari (I hope). Maybe I'll buy it for quarter the price he paid.. That would be a nice ending.
Lets not forget that they consolidated the shares by 1 for every 100 and now the share price is now less than 1/2 the share price then! But still they draw excessive salaries for doing zilch!... this IMHO is shocking......
Just looks like an amateurish recording of somebody reading an autocue. Doesn't inspire any confidence and is a true reflection of the share price. To think these guys earn in excess of £100k per annum!!!!!
A Lot of hot air ……..and no substance
I have yet to see where James Parsons has been a success anywhere. For AST's share price he has been a disaster!! Just look at what a mess he got Sound Energy into - all based on hype and nothing tangible.
Everything the guy touches turns to dust...
AIMHO
Parson's has a very poor record in all the businesses he's been involved in.. I hardly think this one will be any different.. The proof of the pudding is in the eating,, And his are alway sour unless you are in his very close circle of miss fits .........IMHO
Covid did not make Oil & Gas companies or Utility companies go bust!
If you dig deeper, you will find that operational issues at the plant were costly, probably through the lack of planned maintenance, possibly relying on breakdown maintenance. The global energy costs can have huge impact whether they rise or fall. Major energy companies have cleverly thought out “hedging” strategies to level out peaks and troughs.
The devil is in the detail but it’s easier to say Covid was a factor!!!
Good Luck Earlofaim…I think you are going to need it!
AST rns has all the information
Covid19 made lots of companies go bust,
new company paying $16.5m for what?
assets must be huge......
I should also mention that after the new issues of shares are accepted, there will be just under 240 million shares in issue not 200 million as I previously stated…..expect these to fall in the short term and maybe an opportunity to trade will present itself……personally, I will be staying well clear but will be watching with curiosity!!!
“Texas-based, Paradox Resources LLC, has filed for Chapter 11 bankruptcy protection listing at least US$50mm in debt. Paradox’s Lisbon Valley gas plant in Utah has gas processing capacity of 60mmcf/d and helium treatment capacity of 1.1mmcf/d as well as helium liquefaction capability of 0.6mmcf/d, which is currently offline. Paradox owns over 100,000 net acres and operates over 150 wells in the Paradox Basin. The company cites operational issues at its gas processing plant and financial challenges exacerbated by the COVID-19 pandemic and declining natural gas prices as reasons for its insolvency. “
The filing under Chapter 11 occurred less than a year ago with Paradox over 50 million dollars in debt.
Earlofaim, I hope you did some quality research on this because it feels more like a wild punt on Parsons and co……and there are plenty on here who rue the day they believed everything they say to promote this dead dog!!!
Ast not used any Riverfort Service in the last Few years
So that's a good indication,
Plus
#Ast will be with the big boys in the #Usa #helium processing, Purification, Liquification and transportation
Big cake with big slice for #Ast
Let this sink in
Waiting to listen to the interview
this could be the next HE1 in coming months
investors not cotton on to this potential
The asset must be worth billions for GNG to $16.5m to aquire it......
the former company probably ran out of cash to continue, who knows but many times bargain hunters picks up huge assets for small fees.
this is no way small.
massive potential for helium processing, Purification and liquification, then to transport it.
money to be made in every chain of the line here
AST has done well to get in before any other companies did
GNG to Partners LLC bought Paradox Estate for total $16m.5
why would GNG be willing to pay $16.5m had they not seen the value of this transaction?
all the time companies buy bankrupt companies that's not a bad move, that's a clever move
Over 200 million shares before the admission of those for the fundraise, a market cap of £4.8m and buying into bankrupted USA stock…. Something does not add up despite the optimistic tone on helium. If it is so good why does a bigger US company not realise the potential?
Way too smelly for me!!!!
The Chapter 11 documentation sets out that the Lisbon Plant is the sole operating natural gas processing plant in the Paradox Basin and is fed by over 500 miles (of which 279 miles are wholly-owned by GNG) of helium rich gas gathering pipelines which have access to helium rich gas sources with 7-8% He concentration in the four corners region, most notably in SE Utah and NW New Mexico. The Lisbon Plant is a 60 MMcfd (million cubic feet per day) gas treatment plant which has a 1.1 MMcfd processing capacity for helium, a 45 MMcfd cryogenic plant and 10 MBpd (thousand barrels per day) fractionation train. The plant was built specifically to process the Paradox Basin natural gas that often has high CO2, H2S, N2 and He content. GNG believe that the Lisbon Plant can produce approximately 3.4% of the US liquid helium production (or 1.7% of the World's liquid helium). The Lisbon Plant is currently operational and processing gas and purifying helium which is sold as gaseous helium directly to industrial consumers via truck. The Lisbon Plant has a liquification unit which has been in care and maintenance since around 2013 (when the liquified helium price was only ~US$62.25 /Mcf versus the US$750-1,250 /Mcf range available today).