Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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not one response....wow
holly sh@te are they hading back non expire warrants....wow guys you really did a good job on this one
https://www.lse.co.uk/rns/AST/block-listing-return-wz2z3d62172xetf.html
march 2020 warrants
https://www.lse.co.uk/rns/AST/strategy-update-issue-of-equity-and-tvr-d2la2ngmhsqvi79.html
Issue of Equity
The Company, consistent with its policy to preserve its substantial cash balance for acquisitions and upstream operations, has issued 166,666 shares to exiting directors at a price of 5p per share in lieu of cash settlement and a further 390,000 shares at a price of 5p each per share and 214,286 shares at a price of 3.5p each to select professional advisors. The Company has also awarded 424,482 warrants to select professional advisors at a strike price of 5p per warrant, the warrants have a three year vesting, and expire after five years. Application has been made for the 770,952 new Ordinary Shares being issued to be admitted to trading on AIM which is expected to occur on 30 March 2020 ("Admission").
LJUBLJANA - The Infrastructure Committee voted down in a 10:9 vote an opposition-sponsored bill to fully ban hydraulic fracturing. This was the fifth attempt at banning fracking in Slovenia to prevent British company Ascent Resources to extract hydrocarbons in the north-eastern Prekmurje region. Nataša Sukic of the Left said after the repeated rejection of the motion that the initiators would not give up as there was enough overall support for the motion.
Yes it would've been nice if the so called 'expert's on the BOD had investigated trying to actually build the business instead of taking the easy way out to suit themselves!!
it was not the chat users on here who diluted the shares by 1/100th.....
you convenently missed a bit at the end that was the the wonder why and the LTH right
and team 'short' batter it again.....batter....batter.....batter....and you wonder why? LTH yea right....
as talking down your share to the point where this happens is YOUR fault and your constant bashing off the share as i said you and your mob have done more damage to this company than the pervious and this board combined at least with the 'old board' it survived until the 'new board' came in now with you lot the share price (mcap which is the important thing in AIM) is so low they cant generate enought in a placing to maybe fund it....as i said stupid stupid stupid
"and team 'short' batter it again.....batter....batter.....batter...."
Oldblue,
Team Short hardly need to batter the sp when your own remarks do such a good job.
".seems that its been extended for 18 months nicely timed as it will probably take that time for them to do the EIA and FDP to be done....so ascent will do the EIA and FDP for the solv gov and they will go thks...in 18 mnths and stimulate the wells and switch on the gas money train for themselves....as ascent will have no right to it....wow"
Now if that comment is not negative, I don't know what is!
However, it is a very probable scenario. Must have been posted by your alter ego (the sensible one).
my mistake didnt read it all ...seems that its been extended for 18 months nicely timed as it will probably take that time for them to do the EIA and FDP to be done....so ascent will do the EIA and FDP for the solv gov and they will go thks...in 18 mnths and stimulate the wells and switch on the gas money train for themselves....as ascent will have no right to it....wow
and 1 for 1 warrants and the price being dropped to 5p ouch and align only taking 50k worth....thats what happens with a team/board full off folk talking it down...
RNS .. predictable as night following day! Funding from riverfort is from the lender of last resort.. this is another can kicking exercise.. 2 years work from board for what? .. oh yeah nothing.. nice work if you can get it .. IMHO
lol 16.5% dilultion for 600k which pays for there saleries so there fine again....no cuba looks like there kicked outa there
and looks like there waiting for them to not give them the license which is i think what they are waiting for (makes the BIT case better) but if they give them the license what then? still no EIA or PDF in? then they would have to put that in and they cant put BIT in as the case isnt good enought without them doing something else ( as in not extending license or rejecting EIA/FPD without a good reason)....lol they should off put the paperwork in q3 last year when they were supposed to
almost as stupid as you guys......:-)
https://www.lse.co.uk/rns/AST/esg-strategy-update-operational-update-placing-nuuyqj1wdc8rypb.html
well said enought have fun shorting your own stock....lol
Kenj,
You will save yourself a lot of grief without trying to reason with Oldblue...I've found the filter button has saved me a lot of time and my sanity!!!
And why should the share price triple Oldblue?
As you have just said "i would be far more worried about the license extention which is any second....wont matter a damn for the EIA or FPD if they dont have access to field.."
This company needs to release some seriously good news to move the price upwards. The truth is that there is zero progress on any of their pet projects; Slovenia, Cuba, ESG or the long talked about litigation.
and it maybe a 70% drop but its way more to rise to 10p it basically has to TREBLE NOW and hold and be sold at that level....stupid.....stupid....stupid
more put off than 12-20 folk/accounts talking it down for 1-2 years?....hay you lot are the reason its now down to 3.4p not me you lot ......and with that ill leave you to your 'fantastic investment' now....good luck....LTH talking down there own stock.....stupidity....done more damage than all the 'old board' and the 'new board' put together......
"or create negativity on multiple boards to the extent that an new investor doesnt get past the first page before looking somewhere else..."
If anything I write deters someone from investing here Oldblue, I will not be too unhappy about that. The only people who have made any money out of this company apart from the directors, are savvy day traders who have pumped the share up before bailing out. I doubt that there is anyone posting on this board who is in profit - even you.
The link you kindly posted about the 11 Feb 2021 PLACING will have probably put off more investors than I ever could.
That placing was 11 months ago! The share price before the placing was 11.5p. Today's sp is 3.4p. THAT IS A 70% DROP IN THE SHARE PRICE IN 11 MONTHS. This the main reasons why AST will find it very hard to raise more money, not anything that is written on this bulletin board.
But why should AST need to raise any money? They have no active projects, so no CAP EX should be needed.
or create negativity on multiple boards to the extent that an new investor doesnt get past the first page before looking somewhere else...
Oldblue1973 - Not quite. The stupidest thing is watching people who are supposed to be working to increase the value of your shares, do nothing, and then not even speaking up about it. And to compound it, to continually blame others for the BOD's lack of activity!
15 years ago think this is the one (end feb)(6 weeks)
https://www.lse.co.uk/rns/AST/acquisition-fm8jhthpf1gviu4.html
anyway as i sadi stupidest thing i have ever seen a group off folk do......
Those regulations have been part of the Slovenian Mining Act for many years. This is the type of fracking that has been carried on in Slovenia in the past, and should have been the type of fracking applied for by Ascent. I'm sure they will still require an EIA before approval is given to frac.
But that should be no problem, after all, Ascent has been preparing the EIA for a couple of years now. Must be almost done.
Or the announcement may have been made so GeoEnergo can attract potential JV partner to replace AST, as the JV contract expires in a matter of days.
i would be far more worried about the license extention which is any second....wont matter a damn for the EIA or FPD if they dont have access to field...anyway since you guys have dragged the share price so far down its goona take way more than the BIT being engaged to get it up good luck to you all.....stupidiest thing i have ever seen...shorting your own stock to the point it may not be able to get a placing....stupid
Slovenia may have allowed low volume fracking in principle, but the requirements specified do not look easy to achieve. Much of it is probably similar to the Environmental Impact Assessment (EIA) that AST seem no nearer to submitting. Only when both of these hoops have been jumped through will Slovenia even consider allowing AST to stimulate the wells.
the update is that they have been doing nothing, and getting well paid for it.
As investors we are still being kept in the dark on all fronts.
Why can't the AST board update is on what they have been doing for the last 12 months???
STA, 12 January 2022 - The government has adopted amendments to the mining act under which low-volume hydraulic fracturing would be allowed but high-volume fracturing banned, legislation that paves the way for fracturing in the only location in Slovenia where it is currently being explored, the Petišovci gas field in the east.
The only permitted type of hydraulic fracturing would be the kind where less than 1,000 m3 of water is injected per fracturing phase, with the total amount of water injected in the entire process capped at 10,000 m3, according to amendments adopted on Tuesday evening.
All compounds used in the process - the injected water is typically mixed with different chemicals to make the process more efficient - would have to be identified and permitted in Slovenia.
The fracturing well would have to be located, constructed and tested for sealing in a manner that would prevent pollutants from leaking.
Fracturing may not result in two water bodies coming into contact, or fluids being mixed in different geological layers. Drilling would have to be done vertically, with a maximum deviation of 10 degrees.
The bill – of which hydraulic fracturing is only a part - was adopted just a day after a rival bill that would have banned hydraulic fracturing altogether was to be discussed on committee.
The ban, proposed by three centre-left parties, is the fifth attempt spearheaded by the Left to introduce a blanket ban on fracking.
Left leader Luka Mesec said today the government bill would allow the UK firm Ascent Resources to continue extracting gas in Petišovci under the pretext that this would only constitute a small-scale operation.
"The government is showing its true face yet again: it does not care about the country, the people or the environment, all it cares about is dirty business," Mesec said.
The government bill was first announced almost exactly a year ago.