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yes old news until just after they realised everyone could see even the MM's i state the MM's and they took advatage
as in few days later when they relised there ****ed up they dropped under 3% so we couldnt see
https://www.londonstockexchange.com/news-article/AST/holding-s-in-company/14974636
keep up the BULL pls lol
Today’s news!
“Ascent Resources PLC - onshore Caribbean, Hispanic American and European focused energy and natural resources company - Sees pretax loss narrow in first half of 2021 to GBP1.1 million from GBP1.2 million a year ago. Administrative expenses fall 13% to GBP826,000 from GBP945,000. COMPANY DOES NOT POST REVENUE. "The team continue to work diligently across our key corporate priorities which include funding the Slovenia ECT claim and delivering a maiden ESG metals transaction," says company.”
Oldblue’s post on the RNS where Spreadex took over 3% was issued last April…old news!
ohh and the last minute trade is a dozzy 10.5k or 0.2% company :-)
09-Sep-21 16:48:39 5.25 200,000 Buy* 5.00 5.20 10.50k
ok everyone beware off this there was but still maybe folk with a stupid postion on this company 3.3 % company and they where stupid enought to go over 3% so everyone could see via a rns
https://www.londonstockexchange.com/news-article/AST/holding-s-in-company/14958007
I have filtered one particular individual as they obviously have an ulterior motive & the name crops up again today just giving one side of argument. I would ask though...what progress has been made in 9 months? Yes the Board are being paid handsomely & their track record speaks volumes! Why is everything taking so long? Most investors will die of old age before this company produces anything tangible!!
Conrad, oldblue’s post at 14.56 is typically “unbalanced” and perhaps would influence an unwary or novice investor. This is why I post!
Oldblue has selectively extracted sections of the Interim results. I would urge anyone thinking of investing to read the whole document. It will be clear to anyone that Ascent are not receiving any money from production in Slovenia. The wells are not producing enough for INA to accept and so what is being produced is being sold locally to pay the local operator..and if you look at the production figures in the report you will see the dramatic decline in production since 2019.
It’s all there in black and white..just take the time to read and accurately interpret the (unaudited) results.
Conrad, as you and I have lost with this share, I would have thought that you would not want others to experience the same. I am not bitter and twisted but I am irritated with myself for not recognising the point at which I should have bailed. That point, for me, was when we challenged the requirement for an EIA and arrogantly “told” Slovenia that our proposed method f or stimulation was not “fracking”.
My deramping, which I guess is what it is, stems from a wish to ensure that there is a balanced opinion on this BB, as I would not want others to end up like we both did.
However, if I knew how to get paid for deramping or ramping, I would be up for that.
It is clear my view on AST is that it is dead duck….of course I cannot state with 100% certainty that I am right but I am not, unfortunately, a paid deramper!
Operations at the Petišovci project continue to produce gas, albeit at lower levels as a result of the field performance decline and current inability to re-stimulate the producing PG-10 and PG-11A wells. Total production for the six months to 30 June 2021 was 751.14 thousand cubic metres of gas and 33,512 litres of condensate. Gas sales continue with production being sold to local industrial buyers. The region is currently experiencing very high gas prices with the average Day Ahead Market gas price being Eur 51.0 / MWh as at 1 September, 2021. The JV expects to continue producing, thereby taking advantage of strong current prices.
https://www.unitjuggler.com/convert-energy-from-GcmNG-to-MWh.html
plug the 751k cubic meters in at 51 quite good but remeber used to be way lower so half it?
still circa 2 million for gas and thats not for condensate...
just think what we will get if we get to stimulate the wells!!!!!
have to get the FDP and EIA over line first then also license extended.....lot to go
but looking ok cash in bank etc GLA and if new welcome!!!
Kashdog, Sorry to hear of your losses on here, and good to see you have made up elsewhere, I have about 50% of your losses, and have in my head written them off, so any rise is SP is welcome and obviously I hope this BOD can rescue something, so here is my question, Why do you now spend so much time trying to ruin any hope we have? how does that actually make you feel better? so it leaves me just wondering, were you ever an investor here, or just a paid de-ramper?
so kashdog are you happy that we are up 5% today?
If this conversation is happening then it is in minds eye. these nutters are willing to waste billions of trade in order to chase a
false cause. just look at the cut https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/997347/Energy_Trends_June_2021.pdf its obvious that the old fossil fuels are still big and in the mix in very large numbers. When the wind dont blow and the sun dont shine UK will be just fine.
Oldblue, I couldn’t care less!!…believe what you want..like you believe major funds are invested in AST…Align have 10% and the other brokers like HL are nominee a/c’s made up of small private investors like you and me…oh yes, 3% held by Jamieson Principal Pension fund…look them up on the internet!!!…good luck!
.
sry dont believe that last post for a second....thats my OPINION if thats ok?
Oldblue, reference your comment on "NORMAL folk".. I sold out in Feb this year at 13p but still with a loss of £56K...We still have an insignificant amount in my wife's ISA... not worth selling...I am lucky not to be impacted by the loss and I have since re-invested what I did recover and am doing ok but have written off my losses with AST.
so basically you have your OPINION thats great but i think ill just keep an eye on the fundies and majors and when/if they move ill worry and when they do heck youl know about it......rather than listening to some random guy on a mesage board with STRONG SELL stamped on his opinion and is constantly talking down the share....thats my OPINION is that ok?
lol good for you if you dont think there a good reason to invest....go elsewhere very simple.....dont see many off the majors or fundies selling today...they must not have the same OPINION as you....its AIM its high risk shares.....noone forces anyone to hit the buy sell button....
https://markets.ft.com/data/equities/tearsheet/profile?s=AST:LSE
unlike you i wish all holders the best off luck :-)
Oldblue, your fragmented rambling is barely understandable!... I mentioned ESG, it won't go anywhere without serious funding, that is clear. The EIA would be done by a consultant...if it ever gets done!!.. you just don't see it do you? There is no solid basis to invest or re-invest here if you look at it with logic and clear vision ....Reference the gas volumes, they were estimated many years ago and are clearly "tight" and difficult to extract. The former CEO John Buggenhagen allegedly undertook a review of the old and dated Seismic Survey about 2 or 3 years ago, the results of which were never publicised and shortly after the alleged review, he left the company. I have repeatedly asked for the results to be published to shareholders but they won't do it. Clearly, if the results of the alleged review had been positive and the Gas proven to be reachable, they would have published and the value adding impact of publishing would have benefited shareholders.
Oldblue, I know I can never convince you that this is such a high risk share but for others considering investing here I would suggest they look at every aspect and avoid the get rich quick impulse embedded in us as gambling addicts...I urge extreme caution!!! ... don't invest here with cash you cannot afford to lose...good luck oldblue.....you are going to need it!
and nice bit off cheap warrants all ready to go
Details of the warrants outstanding during the year are as follows:
Exercisable at 30 June 2021 17,889,772 @ 5.45
or 975K or just short a million quid might keep us afloat on some good news....:-)
ahh mr STRONG SELL kashdog .....how things.....employess...err whos doing/DONE the FDP/EIA??
whole 2 sells today for a crappy 2.3k and wow 56p you gonna have to do alot better bashing than that
09-Sep-21 09:40:22 4.655 50,000 Sell* 4.60 5.00 2,328
09-Sep-21 08:00:08 4.655 12 Sell* 4.60 5.00 0.56
you also missed this convenently...ESG H2 2021
Launch of ESG Metals Strategy as a new target sector within its natural resource focussed business with maiden deal expected in H2 2021.
so thats the cuba oil end oct and the cuba ESG both would both require serious funding....humm interesting :-) ohh were in H2 2021 now...:-)
lol if you think the boards awful and the boats about to sink most NORMAL folk would sell and move to another share wouldnt they?? lol
In the "notes" is a cut and paste from the last auditor's report....
"Based on historical and recent support from new and existing investors the Board believes that such funding, if and when required, could be obtained through new debt or equity issuances.
However, there can be no guarantee over the outcome of these options and as a consequence there is a material uncertainty of the Group's ability to raise the necessary finance, which may cast doubt on the Group's ability to operate as a going concern. Further, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business."
Also note in the accounts the £475,000 for employees but AST currently have no employees except the BoD!!
I am not making this up, it's all there in black and white..properly interpret the report without emotion.
Interim Report…Window dressing!!!..look at the accounts!!..really look at and interpret the accounts!! …This company is in trouble!!..no income, the gas and condensate sales produced in Slovenia, in total, goes to the in country operator.
Litigation still not commenced and no mention of the licence renewal which Ascent do not own.
ESG and Cubs are unrealistic even if they had money.
More funding and dilution coming.
Captain Oldblue on the bridge of this sinking ship!