Member Info for Alexios

Agree spread is the real vomit...
Under 1p is ok

They have 6months to figure out what they want to do with it

https://www.shorttracker.co.uk/company/GB00B64NSP76/
1.5% disclosed short position, tiny

Shareholders exited due to the fundraising and corona hysteria around the world.

No point buying or holding until full £100M os raised

Fundraising Update and Total Voting Rights

13 March 2020

Ascent Resources Plc (LON: AST) the onshore European independent oil and gas exploration and production company announces the following update to the fundraising announced on 14 February 2020.

Fundraising

Further to the announcement made on 14 February 2020, the successful passing of the resolutions at the Company's General Meeting held on 5 March 2020 and despite the recent market volatility, the Company has so far successfully settled and allotted £500,000 of the £800,000 funds originally intended by way of the announced placing of new ordinary shares in the Company (the 'Placing') and expects to receive funds for a further £200,000 by 6 April 2020. The total raise is therefore now expected to be £700,000.

The Company has therefore allotted 10,000,000 new ordinary shares in the Company (the 'Placing Shares') and admission to trading on AIM is expected on 19 March 2020. The Company will update the market upon the issue and admission of the expected further 4,000,000 ordinary shares in due course

For RI's will need to be 50p or less
Nobody is going to risk loading £100M in when the current Mcap is £86M unless there's a chunky discount to leave some profit to play with

Stand back until the price is set

15-22p next
All nice and liquid
Dump overdone
Different outfit with completely different trading structure here.
All liquid

Was £1.6Bn Mcap only in Dec now under £50M Mcap

Swing it

Cheers boom.boom

Can I ask where did you find these depths from please?

R.I.P guys here now after this update.
Sorry for your losses.
Sucks real bad especially when this was a ftse100 company for sometime.

Turns out Muddywaters nailed it to perfection.
There's a lesson for the future here when the celeb shorter jumps in after doing forensic dd for min 12months it is a time to get out and join him.

deos PMO are you for real???
They need to raise $500M through the equity and it's not going to be nice that's for sure. Plus their covenants are on the massive stress at the moment while brent if well under $40.

Clean AIM shell ex Zibao #ZBO

corona, oil price slump... force majeure no?
I'm sure there is something

Don't think there's any real danger yet while debt holders are playing the equity down and milking some profits from this...

Yes they can
This is called the daylight robbery ...

Megla,

"Don’t be an idiot Franky, a business needs to have a reason to go bust. Now explain what scenario Tullow can go bust within during 2020?"

Debt called in and equity is toast, simple...

Bit of a shame they will be this week, will get a siht sell price

Any ideas what's their current cash position?

Blue finish anyone

"Surely it gets to a stage when it cant drop anymore."

Yes, when it hits zero

Remove all the stop losses and fund your accounts is spreadbetting or in cfd's, this kak is real and will gap down massively

-30% Brent in 3mins after futs open...

If no bounce over Asian session this will be ugly

Thank you broxburn68

Debt is trading at 70% if I'm not mistaken so there is no real danger on defaults yet.

Near 90% drop in equity price since end of Nov last year on the other hand seems a bit excessive no(?)

TA
Resistance 33p
Support 23.1p, under that and 15p next

Think there's a bit more pain for the oil price yet...
Brent at $40p is my max pain scenario

Looking to scale in here soon