Member Info for EmeraldCarrots

too greedy. It's difficult to believe that Flybe, especially with the massive oil price drop was only worth 1p a share. They should have offered say 15p a share, then the potential legal wrangling starting next week would have been avoided. Presumably the whole sale may be off if a new CEO finds the Company was undersold. Let's face it "the market" valued Flybe at 15 to 23p a share. How could all those professionals get it that wrong?? Highly unlikely IMHO. Seems like the biggest share holder suspectes THEY DID NOT as do I.
All IMHO.

jamesjon.
I believe you are right. The legal case is being put together. Can't be long now.
IMHO this would target the 2016 award of the IPPC license and subsequent ILLEGAL revocation by the Slovenian court which simply did not follow their own rules (as set out in Ascents RNS in 2016).
Logically you would then scroutinise it to determine the chances of winning and actually receiving damages.
To me at least the case looks good and frankly if we can find a no win no fee Solicitor that is willing to take the case then fantastic. They would NOT take it on unless they thought there was a far better than 50/50 chance of winning.
If it were me I'd do the following.
1. Advise ARSO and Jure Leben, with the PM copied in via hand delivered solicitors letter in what we believe our legal position is and why we believe a claim for substancial damages would likely win.
2. I would then advise we have been extremely patient and detail the ridiculous 5 year wait for the IPPC license.
3. Give them 21 days to respond or we will launch the action.
Then it would once again be all over the Slovenian media and Colin can explain in articles/interviews how badly and illegally the Slovenian Government have behaved towards Ascent and it's Slovenian Partners.
All IMHO.

FinnFCR:-
That last part of the recent interview “what should shareholder do, hold tight” Colin’s reaction was bizarre.
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No. He's the CEO and could be sued for advising wrongly. Best to not answer.

Problems getting permits and complaining/taking legal action siting extreme delay often results in losing the action as there is not set time limit (i.e. x months, subject to x,y,z adding months years). I'm talking about many countries here. However Ascent have the fact the IPPC permit was awarded by ARSO in 2016, and, according to Ascent, illegaly revoked. Here is the RNS:-
www.investegate.co.uk/ascent-resources-plc--ast-/rns/ippc-permit-decision/201605061300025341X/

It seems to me they have a very strong case here, unless what Ascent say in the official RNS is not true. ARSO cannot argue they were incompetent in issuing the permit don't forget as that too would be their fault. It's difficult for me at least, to come up with a defence for ARSO, providing what Ascent said in the RNS is true. I'm sure Ascent know this but are bending over backwards to avoid legal action. I presume the legal team will be outlining Ascents position to ARSO's solicitors if they have not done so already. If I were ARSO I would be getting the IPPC permit issued before a legal case is started as IMHO they will loose it................ eventually.
All IMHO.

Why have ARSO not issued the IPPC permit to build the gas processing plant at the gas field? As you know because of this the gas has to be sold to Croatia for processing and selling on. We now have the ludicrous situation where it is sold to INA in Croatia, cleaned by them, and then some is sold back to Slovenia via the new pipeline! Also Ascent say the permit was issued in 2016 only to be illegaly revoked by a Slovenian court that seemed not to be able to follow the written rules of the Government!
All IMHO. Do your own research.

As I have said before if we don't there is mounting (as in the continued delay) evidence of unfair delay from ARSO. I would call to give evidence under oath the ex Director General. I would ask him why he told our CEO the IPPC license was imminent back last October. He resigned around 13th November, or at least that is when we found out via an RNS. It's now 22nd January, nearly six weeks later and guess what............ the permit still has not been issued by ARSO. I wonder what he would say in court?
All IMHO.

A pretty good reflection of what is between his ears? All the good points he has made is just the one post.

Ray1234.
They have laws that allow, as in our case, just one person to delay one permit for over 3 years.
They have various Non Government Organisations that take advantage of those laws, causing mayhem.
Then thay have ministers that buy the looks of it would like to join some of the NGO's (Jure?).
I believe that in the communist years it took years and years to get anything done.
Seems that joining the EU has not changed Slovenia.
They could easily have a far better standard of living but think what they have is good.
If you ain't had it you don't miss it.
A very sorry state of affairs.
All IMHO.

OK Fastfood. Sorry.

to delays with permits it seems. This time an airport........
www.sloveniatimes.com/maribor-airport-investor-pulling-out-of-current-deal-with-state

No-one in their right mind would invest there if they knew what was coming!!!
All IMHO.

Fastfood.
You say legal action has already begun. I believe this is incorrect. They are putting together a case. If it looks strong enough no doubt legal action will be launched. This has not happened yet I think.
All IMHO.

If it get crushed any more I think we will be at the atom level.

lay off or make redundant all the staff, then tell the media why. It would/will be entirley the fault of the Environment Agency ARSO and the man that seems to oversee it, Jure Leben. They are effectively closing the Company down by delaying (for ever?) all permits. The Slovenian public need to know what is happening.
All IMHO.

economy while their Minister, Jure Leben seems to do his best to close the gas field down.
Just great.
All IMHO.

even underwritten, does not say how many shares might be issued etc. is quite amazing. The reasons for the call were wooly to say the least. I'm not in. I wish anyone who is good luck. My view is Ascent should moth ball the whole lot, get rid of the staff that will no longer be needed then TELL THE MEDIA IN SLOVENIA WHY. It would be absolutely obvious that ARSO and Jure Leben would be responsible for the jib losses. Colin seems to be a person that cannot make the difficult decisions. He seems to soft, or he just wants his wages to be paid for as long as possible. As far as I am aware he has only ever invested £5K in Ascent. He should be ashamed. I'm beginning to think he should be shown the door...
All IMHO.

TinPotTrader.
Are you on Ascents payroll?

lejjb.
The bottom line in the articles says this:-
"In a press release the ministry said that Leben made a point of saying that the cost of the analysis will be paid for from the taxpayer's money so the ministry would sue Moravce for damages should its complaint turn out to be false.".
I said he is threatening to sue his own people. The mayor is one I presume?? I believe I'm correct.
All IMHO.

LOL!
They are going to inspect the site "within a few weeks". Hey. Give 'em time to properly set up the ecological disaster before you check it out! Frigging hilarious.

his own people now. Popular chap!

www.sloveniatimes.com/doubts-mount-in-wake-of-moravce-eco-disaster-claims

That's why I put o/t - off topic.
AST. Placing ver the weekend then?