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Started: Olderandwiser, 8 Jun 2024 16:39
Last post: Winnimandala, 10 Jun 2024 08:10
In a word no.. it’s only used when the director aren’t really interest in the share price only making sure they can pay themselves ! IMHO
Has taking money from this outfit ever had a happy ending?
Started: Helpful, 6 Jun 2024 14:55
Last post: Winnimandala, 7 Jun 2024 05:53
I find it hard to be believe Parson’s has something to offer the business so has been retained to work as an adviser. He done nothing in the last 3 years to suggest he has some special skills that the business requires. It looks to me like he has removed himself from the firing line. Whilst still being able pick up fees for doing zilch…. The gravy train continues ….. unbelievable Jeff ….IMHO
I noticed from the last RNS that a couple of other investors had increased their shareholding in the last week also. Let's hope that something materialises!
So nice now that some of the dead wood has been removed from the business which was doing nothing for its performance.
FYI in case people haven't seen this...
https://youtu.be/2B48gvwi0Uc?si=oburl63a1xCDUNqZ
DYOR
Started: Latino, 3 Jun 2024 16:23
Last post: Winnimandala, 4 Jun 2024 13:33
It’s really not clear what type of business AST is these days . In last 3-4 year they haven’t done anything ..but suggest this and that without actually doing anything .. very much a Parsons type of mantra. he also brought in his usual suspects from His members club of directors whom did F all but pick up monthly fee’s I have no idea what or how AST moves forward from here .. But it can’t any worse than the last regime than has gone before! But can’t see anything much happening her as long as Dennans is still involved …IMHO
I bought £550 worth of this share about 10 years ago and after many dilutions and consolidations they are now worth 6 pence so good luck
Strange that Mr Parsons has virtually been found out at every organisation he has been involved with. The market reaction speaks volumes!
I doubt very much that he would've been re-elected anyway!
I'm glad to see the back of him!
Let's hope that the new Board additions are actually interested in taking the business forward.
I haven't forgotten about Mr Dennans contribution to date which leaves a lot to be desired also!
Let's hope for some accountability at last!
Finally…change!
Last post: Winnimandala, 31 May 2024 09:14
RNS: highlights they have done f all and are just drawing excessive salaries for nout ...4 years and counting...... Parson's has been weeded out of his other jolly's on the AIM ....Time for him to get out of here.? .......IMHO
Only one way to look now
Makes you wonder who re-elects these characters each year? I wonder what their motives actually are? It's surprising that any organideation can survive, paying huge salaries & achieving nothing, while actually giving the impression that progress is being made.
As the latest video presentation demonstrated the calibre of the management, I can see that something is amiss??
A lot of people have caught on to James Parsons & have acted accordingly. Of course, both the FCA & in fact the LSE, who give these characters a stage to spout continue to look the other way!!!
Ascent used to be a exploration company looking for gas, then they decided to look for metals.
Next they might decide to go into AI.
If you havnt noticed, its a scam operation. Avoid.
The market patiently awaits the transformational news that AST has accepted the resignations of the current BOD. Clear to see through the share price performance that the key Metals strategy is a primary focus!!
And the authorities & FCA continue to look the other way!
Let's hope justice is done at the next AGM!
Started: Winnimandala, 17 May 2024 14:13
Last post: Winnimandala, 17 May 2024 14:13
Another of his stewardships is drifting towards a sub penny. Is there no end to his business talents. He is to business what covid is Asthmatics.... IMHO
Started: Dee12345, 15 May 2024 21:59
Last post: David85, 16 May 2024 19:32
Dee12345... its just a investor who sells into the buying.
He ramps to encourage others.
Regular activity on these type of forums, thats why you dont invest emotionally.
(He's now trying to de-ramp on the ACP page, yet interestingly, he was pumping here in 2021)
I have some questions for you:
Why were you making the following statements on AST back in January 2021:
"I may just disappear now but rest assured the buyers won't."
"My man is managing funds for a group of high net worth investors."
"My man taking them in 50k and 100k batches."
"Nothing price sensitive but if my mate is a millionaire and has another 20 millionaire mates who want to buy, they might tell me, lol"
Then on the 4th February 2021:
"Don't say you didn't have the heads up. Needless to say by now you know who the large block buyers are. And for the record they are not stopping here. MMs ain't got a chance against them. Deep pockets, high net worth a loading. See you folks at 30p very shortly"
That's around a day from where the shareprice hit a peak.
Then it dropped nearly 50% in ONE DAY a month later.
Then it went on to lose 83% from the highs over the course of a year.
1. Who is your Man?
2. Why were you ramping so heavily over at AST near the highs?
3. Why did you disappear immediately after? You weren't seen on LSE for over a year
4. Do you often ramp shares towards the top, and then de-ramp towards the bottom?
5. Did you ever apologise to the people you ramped into those stocks?
6. Did you make up nonsense about these 'millionaire buyers' who dumped?
7. Is this the sort of reason why you post anonymously?
8. Do you not feel this discredits you, and your arguments?
9. Why should anyone feel you're asking genuine questions, or trying to hold management to account based on your own previous posts?
Started: David85, 15 May 2024 18:29
Last post: David85, 15 May 2024 18:29
This is the last time we invest in Slovenia.
Started: David85, 14 May 2024 00:47
Last post: Pinguser5, 15 May 2024 18:18
The court case is secondary now and beyond the control of Management. We are lead to believe, by them. that a key focus of this business is a Metals Strategy!!! Has anything, and I mean anything tangible materialised??
For goodness sake, Parsons and Dennan draw in six figure salaries for part time roles with this business! What on earth are they doing?? (Mr Parsons has recently been relieved of his duties at 2 other organisations recently) The last video presentation we were presented with looked like a ten year old child (apologies to all 10 year olds!) reading from an autocue and did not inspire any confidence at all.
Why oh why wont these spongers stop in my opinion taking everyone for a ride and move on!! I want action from a motivated BOD who are actually focussed on taking this business forward!
I'm not fooled by any of the vague RNS's either!!
No, I lost interest for obvious reasons - the company itself has done nothing for close to 5 years now.
Ive been holding here since Colin was CEO(useless scam artist guy), the court case wasnt announced then.
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
Started: stringer01, 1 May 2024 21:54
Last post: Thepipersson, 10 May 2024 08:59
Are peeps in shock here?
Not original line, for reason.
This should be renamed Descent Resources (DST) LOL.
Started: BurtonD, 24 Apr 2024 14:42
Last post: Winnimandala, 29 Apr 2024 18:02
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......
Started: EarlofAim, 23 Apr 2024 16:04
Last post: Pinguser5, 24 Apr 2024 13:42
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......
Started: Kashdog, 23 Apr 2024 15:23
Last post: Kashdog, 23 Apr 2024 15:31
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!!!
Started: EarlofAim, 23 Apr 2024 10:21
Last post: EarlofAim, 23 Apr 2024 12:31
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
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).
Last post: Kashdog, 23 Apr 2024 10:34
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!!!!
Started: EarlofAim, 23 Apr 2024 10:14
Last post: EarlofAim, 23 Apr 2024 10:18
David Burton,
yes AST needs to do an interview because this Rns is overwhelming for many, the fact that AST entered USA helium and gas sector is tremendous for AST shareholders in coming months.
Onshore US Gas Investment, New Funding, Board Changes, Director Dealings and Total Voting Rights
Ascent Resources Plc (LON: AST) is pleased to announce it has made an investment into a private US holding company, GNG Partners LLC, that has been formed to acquire onshore US midstream gas distribution and processing facilities which includes helium purification and liquefaction. This is the first shaping move for the Company following a period of deal origination / screening and the recent ECT claim distribution which cements the Company's new forward US onshore gas and helium strategy. The Company is also pleased to announce that, to fund the investment, it has raised gross proceeds of approximately $1.7 million via an equity fundraise and loan note issue, further details are set out below.
James Parsons, the Company's Chair, commented:
"We are delighted to share our forward strategy for the business, centred around the highly profitable US onshore gas markets and the short supplied, high value and exponentially growing global Helium market. Helium is a key requirement for many aspects of modern life including medical devices, super computers and data centres. We also expect a significant increase in demand for natural gas in the US and elsewhere to generate electricity to feed data centres and to power the artificial intelligence revolution.
Our initial investment in GNG and strategic relationship with American Helium provides Ascent with access to a sizeable midstream business in a safe jurisdiction with significant upside, alongside potential future equity upstream production and operations. The world class GNG and American Helium teams are highly synergistic with Ascent's executive and we look forward to success together.
Started: EarlofAim, 23 Apr 2024 10:12
Last post: EarlofAim, 23 Apr 2024 10:12
Some serious money been invested here buy Gng Partners to acquire helium assets.
Started: BurtonD, 23 Apr 2024 10:11
Last post: BurtonD, 23 Apr 2024 10:11
Yes. #AST worth a read up…
It will be clarified later in an interview but these guys have had a (inherited) relationship with Riverfort for 4 years and never used them.
The VWAP part needs expanding on, which I understand will also be covered…
Started: WanderingBull, 23 Apr 2024 09:02
Last post: WanderingBull, 23 Apr 2024 09:02
🤬
Last post: Winnimandala, 23 Apr 2024 07:44
Another day another scatter gun approach to strategy! I would love to know what Graham Wood actually brought to the business in his time as NED . Hot air and helium are almost the same thing in my eyes ……… along with all the other past focuses this will probably come to nothing …as happens in most cases that Parson’s is involved in .. other than lining his own pockets .IMHO
What has happened to arbitration?Not followed here for a while
Decent!
Started: rabyeovil, 27 Mar 2024 15:25
Last post: Winnimandala, 18 Apr 2024 10:01
Parson's = everything that is wrong with the AIM ...right there ...right now!!! IMHO
Confirmation that this whole set up is a con.
Investors have put money into this business based on the Board of Directors stating to them that a key strategy is metals exploration in South America... No further explanation, updates let alone results.
Sounds typical of any organisation that James Parsons is associated with.
I wonder if the FCA will ever investigate his activities???
AIMHO
Are salaries and fees still being paid .. if so what for? The ghost ship is still afloat……. just! Unbelievable Jeff!
No, only the ones who held the stock the 16th of February got them. It's impossible to get preferentials any more.
Common shares will get some exposure to the award too, but comparatively is way too small for the risk imo: 50% of the award, +-35% of that for lawyers, another 25% for taxes, minus millionaire performance bonus for management, minus the expected dilution which is going to be probably the main problem here as process will take years... and whatever is left wont be valued at money value as it wont be distributed, I'd expect at least another 20% discount on top.
I think there are better risk reward options with earlier finish lines than the commons: Personally, I sold my AST.L commons and will play the award with the preferentials as I cannot sell them anyway, and moved the cash to Montero Mining MON.V which is trading at $0.21 and should get to $1.5 after an award this year with way less risk in the trial, as their case is a copypaste of the ones already won by IDA.ASX & WINS.V, even lawyers are the same
Do all long term holders get these preferential shares?
Started: MickeyMasters, 27 Feb 2024 09:16
Last post: Pinguser5, 26 Mar 2024 09:15
Couldn't agree more!! The legal case is beyond the intervention of the BOD. So exactly what are they doing with the rest of the business in the meantime??
Probably just giving the same amount of attention to their other part time roles.
Any payout is going to come with enormous expense - mainly through the top heavy BOD & their ridiculous remuneration!!
Groundhog year (not day) whilst the only thing moving is the cash that pays the directors and executives..what an absolute nonsense .. these people and company are...... IMHO
Or drunk
£79k buy. Someone is feeling confident
Started: Real_welshboy, 25 Feb 2024 16:28
Last post: wobble24, 26 Feb 2024 22:40
Looking forward to tomorrow to see if the rise continues
Started: ivans, 23 Feb 2024 22:38
Last post: ivans, 23 Feb 2024 22:38
Derampers keep saying any proceed from tribunal will go to special dividend shares.
what they forgot to tell you is that, only 49% will go to the special dividend shares. the other 51% will go towards the rest of ordinary shareholders, which AST can use for other projects etc. all these after deducting costs.
bottomline, with tiny mcap of AST at the moment, any decent amount of awards will bring huge uplift to our sp
Started: MickeyMasters, 23 Feb 2024 07:48
Last post: Unimaginative, 23 Feb 2024 16:01
No but what must be rocket science is the fact that the company are setting up a vehicle to pay a special dividend, will be taking bonuses, will be paying Enyo and no doubt have other costs to fiddle away. Explain why it will rerate?
If AST receives even just 10% of the damages claims of £656 million that’s £65 million. At the moment AST’s value is just over £5m with 200m shares. It’s not rocket science
Rerate to 30p? Why? Clueless ramper
Should be the start of a massive rerate now. 30p minimum
One would like to think so