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Yep! Absolutely an opportunity for the long term holders to wait another 12 months while the jokers at the top milk their salaries for another 12 months!!
Forgive me if I'm wrong but I thought AST 's primary focus was now on their laughable Metals strategy in South America?? 2 years in & still nothing tangible to report!
Btw I'm still keeping my eye on Person's progress at Echo, Corcel etc - everywhere the man goes he draws a handsome salary while leaving an absolute trail of destruction behind!!
Looks like someone loaded up today.
I also took a small position last Friday.
It's a punt but I'm happy to sit on it for 12 monthts to see how it pans out.
Think the fear is overdone. The whole market knows these have been stuffed by the slovenians but with 165,751,348 Ordinary Shares in issue these could easily give a one pound per share special dividend to holders and still be up to their necks in cash should they win their case. In fact they could give 2 pounds and still be swimming in euro's.
My fear with this is a complete lack of trust in the BOD. What will they do with any potential payout? I have little faith in Shareholders seeing any benefit.
After all this is a BOD who overnight can consolidate shares by 100:1.. Also say there is no need for finance & then announce a placing. All they need to do is announce that they intend to invest any layout in the long running Cuba/Peru operation and that is the last anyone will see if it. For a high focus strategy investors haven't seen anything tangible since they announced it 2 years ago?!
In my opinion characters like James Parsons know all of the ins, outs & short cuts to act just within the AIM guidelines. I wouldn't want him within a million miles of any potential payout!!
Dennan & Co please move on & recruit a BOD on a realistic 1/2 the amount budget who actually want to achieve measurable results in the near future instead of endlessly spinning everything out to suit themselves!!
£25 million would multibag the shareprice. I can but dream ! Bear in mind the litigation is being conducted by a company that specialises in such matters not directly by the dodgy AST management, so how can anyone on this BB know the outcome, good or bad ?
GoHigh the reason why 6m mcap is that the company has been damaged. The longer this situation the more damage is done.
This is crazy! People rushing to get in on Ascent. I guess they have not been following the company for long.
The claim has increased, but the settlement is the same.
I doubt Ascent will see one cent from the Slovenian government.
Just another story by the BOD, just like Cuba and Peru.
Don't give any credit to the BOD. They've done nothing since they've been with AST - just hanging on in the hope of a payday! This sp will rise the day Dennan & Parsons deoart. What a disgrace they are!!!
That is a huge amount for a £6 mcap company.
Claim increased to €656 million.
Our market cap is £6 million.
This time next year, Rodney, we'll be millionaires!
Yawn!!!
Yes thats 656.5m euro / 165.75m shares = 3.96 euro per share, thats how much AST and shareholders have been damaged.
or £ = £3.42 per share .
Finally bought, but after a few attempts though
Ascent Resources' Damages Claim Against Slovenia Increased to EUR656.6 Mln
- By Christian Moess Laursen
https://www.marketwatch.com/story/ascent-resources-damages-claim-against-slovenia-increased-to-eur656-6-mln-9f069b37
Been trying to add some shares here can’t seem to wet a quote. Anyone managed to buy ?
Ascent Resources shares rise as Slovenia claim rises to €656mln
https://www.proactiveinvestors.com/companies/news/1021339/ascent-resources-shares-rise-as-slovenia-claim-rises-to-656mln-1021339.html?region=ca
Very modest lol, might be good for a punt but small stakes only. I threw 30k of shares at it because the mm's operate 30k only but most of these claims are bull, quite a few stocks out there doing similar PFP for example
That’s a big claim
Just had a glance round some of Mr Parsons other ports of call...
There seems to be a recurrent theme everywhere the man goes. A few other snippets of non achievement to add to his vast Portfolio!!!
Echo Energy - share trading currently suspended, Results delayed, one poster has demanded a response today as he suspects a scam and is going to report to FCA.
Corcel PLC Just today release an RNS announcing James Parsons stepping down as CEO of Corcel Plc after one month in the role.
Coro Energy - investors still waiting for news that they felt should've been reported weeks ago
Look at any of the BOD profiles.... Speaks volumes!
LSE continue to support!!
I think most who are aware of them would think the same...and hopefully the opportunity for them to do this will diminish as people steer clear.. But by then they will have accumulated greatly from this ...unfortunately...... and it's so wrong and is everything that is wrong with AIM .... IMHO
I was reading an article yesterday in a Sunday Newspaper written by a once ex Cabinet Minister who has run for years a leading publishing company. In the article he states that if a business is not performing over a couple of years then the answer lies with the quality of leadership and management.
Only in the world of AIM can characters like Parsons and Dennan succeed! Their names should be put in front of every financial journalist in the country to investigate why they can work in several part time roles, paying quite frankly ridiculous salaries for Accountants and in my opinion posting statements aimed at investors which clearly do not reflect the truth on how the company is performing as well as opportunities for growth.
To date both Dennan & Parsons have contributed absolutely nothing in terms of a return on investment for investors. They have merely diluted and prolonged any actual tangible results in order to draw their extortionate wages! It is obvious at present why they choose not to get into dialogue with investors & I am sure that the AGM will once again be stage managed to avoid answering any difficult questions.
My appeal to them as before would be to move on as quickly as possible. They are merely a self elected burden on the company and I challenge them that the business could recruit a new BOD on a 1/3 of their wages who would actually be interested on taking the business forward instead of misleading people that they are acting in the interests of investors.
Gentleman, I would not touch another business you to are involved in with a barge pole!! If you wish to argue then my investment is 82% down since you came on board.
A disgrace which should be echoed to show what a farce the AIM sector actually is!!!
All in my opinion but I doubt you could find anyone to disagree!!!
Interesting I believe it's the roll of the chairman. The last one prior to this one was only interested in refinancing ..this one would be if he could but they have nothing to dangle the carrot with. Although the 100/1 was to give them that option to..But no one would be mad enough to by into this circus! IMHO PS: once you are chairman you can bring in who you want unless enough shareholders challenge this in with an EX AGM .. I believe... so once in it would be easier to get army of rats out of sweet factory....Unfortunately