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This will do many times of current SP
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/21
Any idea how long this process will take and when we would know out come?
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/21
April 21, 2023 -
The Tribunal holds a first session by videoconference.
So it has started.
DYOR
May be helpful knows better .. but you only have to look at what’s going on over at Echo energy .. to see how things may pan out ….or for that matter Coro energy or Corcel Too …IMHO
Helpful - Like the Cuba deal?
Winnie,
It is one less issue for management to deal with.
One dispute has been resolved to AST's advantage
The other side was adamant that there was no deal to be done but hey presto!
This bodes well for the other dispute, maybe a deal can be done there too
AST should now have monthly recognition and receipt of income (not huge amounts, true)
Whatever downside you attempt to create, it is better than not having the money
What management does with the money is a separate issue. Overhead should now be covered from here until December and that is materially better than having to raise to cover overheads. It means that any fund raise can go into a deal or deals.
DYOR
Well said, Ping.
As a shareholder I fear any income will just be frittered away by the current Board of Directors and investors will see none of it whatever happens. AIM is full of this - obscene salaries, top heavy Boards & crap share price performance!!!
James Parsons and Andrew Dennan move on please. We can all see right through your motives. Hand on the reigns to someone who actually wants to take the business forward and reward investors for their patience!!!
Metals strategy?? Just one example!!!
I really don’t see how being paid money you’ve been owed for years is anything more that it is .. how this has taken so long to get the cash is beyond me. In normal business practice this debt would have been sold on to a debt agency after a few months of failed payments.. ok you wouldn’t have got the full ticket amount .. but would have got 2/3 at present day values .. when you take current inflation into account the extra money you’ve get now has been ravaged by inflation anyway
Goid news.
AST should now get monthly income.
Sorry wrong board
More sells than buys. Who is selling when first shipment in due in next few week? Surely sp will rise when payment is made.
Thats just a history lesson with not much else ... not bad for 3 years work from 2 highly paid Execs + 4-5 other directors ... value for money ... not from where i'm standing IMHO..
Can kicking exercise nothing different to the last 2-3 years … I’m waiting for another director joining from the club… won’t be long I’m sure .. imho
Time to check out carbon capture and pumping it back into the ground.
Forget water fracking AST and look to the future.
This could then be turned around by reusing those old oilfields that are waiting for activity.
Work for the locals as well..
C.
No idea but we have gone from no deal possible to a half decent deal on part of the claim. Something has changed. Maybe they can do a deal on the rest of the claim?
Also AST should have monthly income from here on in.
The licence is up for renewal in November, maybe that is concentrating minds
DYOR
Helpful, what kind of developments do you think they could be referring to? I just did a quick Google search and can see that Slovenia have reached an agreement with the EU to reduce their reliance on coal and in turn increase natural gas use. Could it be something to do with that?
Interesting!!!
"updating the work program to reflect recent developments in country."
DYOR
Plus giving ‘the boys’ free warrants at 5p it is a disgrace. But probably does mean the shares are going higher ….
onshore Hispanic American focused….. how can you be focused without any business in that region ….. more dilution to pay the board for doing jack ….. it really is unbelievable Geoff
https://www.lse.co.uk/rns/AST/strategic-partnership-equity-issue-tvr-ue3anr6i2k6jc97.html
https://www.lse.co.uk/rns/CRCL/cornerstone-investor-equity-placing-jdycmalq1r5kwww.html
Almost identical!
Isn't this an odd trade? The seller is asking 3.50 and the buyer pays him 3.60.
27-Mar-23 14:00:16 3.60 50 Buy* 3.30 3.50
Let’s not forget there’s a CEO and an Executive Chairman both earning in excess of £150k + plus for part time roles .. with zero progress and no strategy to go forward. .. just a load of hot air and BS.. it really is unbelievable Geoff … money for nothing and your tricks for free!
This business (if that’s what you can call it) is like a ghost-ship where the owners are still paying it’s crew even though they are nonexistent .. it’s a nonsense And to be honest it’s like most of the other ones this lot are involved in IMHO