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I should now be able to attend gm. I believe show of hands may be vital.
The meeting could get postponed if Bod get too many no votes or if positive news arrives by Monday, another reason to delay and get a re-vote if not to their liking / agenda? Unlikely though only 2 working days Friday + Monday before Tuesday vote left
Dawn emailed me on 5/11, regarding proxy documents for voting. Offered me help, but no copy forms, as no their policy
What concerns me is bod motives . RNS clearly indicates documents attached below. For me never, AST do not send them to shareholders.
Is it just me, or because of ulterior motives? We seen results when bod want result their way. Maybe I am wrong
We, the shareholders need a straight answer from AST JL SH + BCoC
Finding it more and more difficult to believe what we are being told by AST Bod. I spoke with both CH + CC at Q&A in March and told them to their faces, what I thought. They didn`t like it but still kept pg11a truth from us and much more before that.
HotShot 69
This is about politics, could be tied up in red tape for years, very likely
How much could Slovenian Government lose out on until they get control of the assets?
If not too much, see if they care a jot.
Just have to look at what goes in politics / big business on a daily basis around world. Those in charge often have no consciences, that`s how they get to the top
scott1092,
Cement works issues / fine by Eu
Slovenia: According to the Slovenian Press Agency, on 24 June 2015 the government adopted a proposal for changes to the environment protection act that remedies shortcomings in provisions governing environmental permits. The problems with the existing legislation had led to the European Commission (EC) taking Slovenia to the EU Court of Justice.
The government said that the key purpose of the amendments was meeting the demands of the EC and that all plants without environmental permits at the time when the changes enter into force will need to stop operations. The step is related to the Lafarge cement plant in Trbovlje, which was instructed to stop operations in March 2015 after lax legislative provisions allowed it to continue to operate for a protracted period even though it did not have an environmental permit.
The EC announced in February 2015 that it was taking Slovenia to the EU Court of Justice for its failure to implement environmental licensing in line with the integrated pollution prevention and control (IPPC) directive of 2007. The EC said that the legal action came because one of the country's major cement producers had continued to operate without the required permit, in reference to Lafarge. The EC was seeking a base fine of Euro1.6m for the country plus Euro9009 for each day that the violation persisted.
Published in Global Cement News Read more...
Lafarge Slovenia ordered to end operations due to lack of environmental permits
05 March 2015
Slovenia: Lafarge said that the country's environment inspectorate has ordered the plant to suspend operations as it lacks environmental permits. The inspectorate acted following a recent decision from the European Commission to refer Slovenia to the European Court of Justice for failing to issue an industrial permit to a major cement plant. The Commission is also asking for fines to be imposed.
Lafarge said in a statement on its website that it will respect the decision and shut down the kiln on 5 March 2015, but would lodge a complaint with the Ministry of Environment and Spatial Planning. Lafarge said that in the process of obtaining the required licences, it had operated in accordance with all relevant environmental standards and that numerous studies have shown that the plant does not have a major impact on local air quality. It also stressed that it had invested more than Euro33m to modernise the plant since it was bought by Lafarge some 13 years ago.
This is how I see it personally.
Probably will be settled out of court, behind closed doors
AST will get £50 mill back = .022p can`t see much more than at the moment, without further news / developments etc
IPPC + pg10 + 11a licenses will be approved, once AST have been paid off and got rid of .
AST bod will get their share options
A realistic view or not?
stockdale,
My AST shares were stuck in Beaufort issue, portfolio transferred to new broker on 12/11. Can confirm 2 weeks to get letter to attend in person or vote by proxy.
Recent response to me by CH stating that Primary bid was best way to raise funds and last RNS knee jerk reaction by CH said it all.
CC + CH have again demonstrated that they are only looking after themselves and their `mates` in the city.
GM should be delayed imo until meetings are held with JL etc, to discuss and hopefully resolve permit issues. If this is not the case, then it would give investors more time to vote or get letter to attend in person.
Sure that no LTH`s want AST to fail, but the BOD are not doing us any favours with their attitude towards us.
Colin`s answer to expected revenue down when volume up for gas sale in October?
There was some revenue in September from gas & condensate produced in the previous month.
"Total production for September was 232,228 cubic metres (8,201 Mcf) an average of 1.1 MMscfd, and revenue for the month was EUR69,559.
Total production in October has increased to 679,191 cubic metres (23,866 Mcf) an average of 0.9 MMscfd and revenue for the month is expected to be EUR149,000."
misiekm,
I want to go to GM. Need to get letter from new broker who gets Beaufort portfolio with ascent from 12/11. Then set up account together with 3,000 new clients!
Already have another appointment later in day in London, so want to be able to vote in person, especially after last vote when we found out show of hands rules.
straightntrue,
Sent email to Colin this evening why treble gas only double expected income.
Let`s see what he has to say, I do not trust CH + CC to be honest with pi`s. Have their own agenda / plan and always have had
And before someone tells me to sell up, I can`t shares stuck in Beaufort get them back next week, down 21K now.
I emailed Colin today, regarding a few points:
In answer to your other questions
In the event we do raise money we will make the offer available to existing shareholders, this was the reason for using PrimaryBid in the past as it was an easy to do this.
We aren’t allowed to buy shares at the moment because of the SR. This wouldn’t be the case if we were to do a Placing as we would first have to come out of the SR.
The votes in the meeting last time were in line with the proxies so everything was decided on a show of hands which is normal – we did publish the proxies on the website afterwards. When there is a conflict then it is practice for the votes to be taken on a poll combining the votes in the room and proxies submitted.
I’m hoping that when the minister is back from holidays we can sit down and resolve this situation.
Thanks
Colin
Sent email yesterday r above, here is reply
It is normal course of business and not material. Valirx has a number of subsidiaries in which various of its activities are conducted. This is frequently reviewed and frequently amended.. it is an administrative activity simplifying management of complex processes and procedures relating to IPR tax employment and geography.
I am a long term holder of Valirx shares. It has been brought to my attention that a registration was made on 19/10/18 for the following:
VALIGENX LTD - Nature of business (SIC) 86900 - Other human health activities
As at today`s date this has not been communicated to shareholders via an RNS. Would you please explain:
Why this has not been done?
Why this new registration was made?
How it is anticipated to benefit Valirx and its shareholders in the future?
IMO don`t be surprised if RNS update received today pm. Zaza is based in USA not uk
I wonder how well the bod have protected their windfall shares?
Say offer is made for less than 2p for T/O and we accept deal, do they get the offer value for them should it eventually happen?
As I have never been in that sort of situation, it would be interesting to know
GLA
Wrote to CH this morning, here is response. Also sent further request about Pg10 / 11a licence. No reply
Hello Colin,
ARSO
The British Chamber of Commerce, the Environment Agency and ARSO met on 08/08/18.If you have had news via Arso, based on last RNS issued on 10/09, stating that Arso sent relevant date on 04/09/18, should we hear something by 19/09/18?
Production
How long has Ascent known that INA will shut in the wells for three weeks in September? Do you not think that that information should have been made know to shareholders sooner if known?
Strategic Revue
Is it progressing in a positive way?
Appreciate confidentiality, but share price needs a boost. Latest RNS`s seem to have good / bad news on every occasion. Didn`t happen whilst Hendersons were making their nice profit!
ARSO had said we should have feedback on the IPPC application by the end of September.
We have known that there would be a planned shut down for annual maintenance since the gas sales agreement was signed last year. It is a normal operational matter and I don’t see why it would require disclosure.
The strategic review is still progressing positively.
Your last point about good and bad news is completely incorrect, during the period when Henderson / Lombard Odier were major shareholders we had several permitting and operational setbacks and at times the share price was very much lower than it is today.
This is Money show as buys, who knows with aim
14 Sep 10:33:40 0.34 7,500,000 Buy 0.33 0.34
14 Sep 10:33:17 0.34 5,000,000 Buy 0.33 0.