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Manini gave a number of discreet signals during that interview, namely buyers of at this level will do well and seemed very bullish on securing a partner - the fact he has traveled at this time of the year just adds to the positive vibes IMO.

This could be one of the best stocks of 2020.

Saw this on Twitter - relevant to AST's project IMO

Share Money @shareGBP
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2h

Looks like no gas transit deal between Russia and Ukraine. This is massive for #JKX #RPT #RRE #SQZ and other big gas producers in Europe. Expect gas price to rise rapidly in Europe

Https://t.co/9aHCh3ltij?amp=1

I still recall that shareholder event in March when the share price was sitting around .40p, John Buggenhagen doing a 30 minute presentation of Ascent, singing the praises and potential of the company with Colin Hutchinson sitting nearby with a Cheshire cat grin on his face and Louis Castro upbeat and bullish in summery to close.

Fact is some 9 months later absolutely nothing has materialized, nothing at all, EXCEPT the most terrible funding package with loan sharks Riverfort - Castro, the so called big hitting financier 1st meaningful action was to knowingly destroy shareholder value, well done indeed !

The RNS yesterday provides nothing new, they are simply hoping for a positive internal decision from the courts, well history suggests this is never going to happen, they should have started legal action, as they suggested in March.

No doubt at some point the share price will bounce, it always does in these death spiral situations. Riverfort will ensure they can continue to make money, if they destroy the company their already woeful reputation is ruined further + no further ability to gain financially. No doubt the short entities in the stock will follow Riverforts lead - no doubt working in tandem.

What a mess.

On target to produce 80k ounces next year yet sitting at a feeble £25m m/cap - get the debt re-structure news and we could propel to £100m+ m/cap

Looks like something may have leaked

Castro is also on the board of JAN and now TEK - both AIM companies.

The BOD must be aware shareholders demand an update - some directors try to protect their share price if they see a fall of 10%-20% by way of updates and media - as pointed out since JB was introduced to the company the share price has fallen from .45p to .9p

Keep up the pressure folks - another entity that may not like bad publicity is Riverfort themselves - ticker is RGO.

I would urge folk to listen to the conference call again, I did last night, my take in hindsight is both JB & LC seemed to be clutching at straws - there was so much they seemed to be looking at/working on but nothing appeared conclusive, you could say vague.

They mentioned these - but there were other propositions....

Being approached / approaching prospective partners
Seismic data - continue to re-process
Shallow oil/gas
Croatia
Re-entering new wells
PG10 - 11a production
Appeal process - awaiting permits
Legal situation - slow progress
Contract with INA - not expecting issues
Seeking new project with near term upside
Lots of 'evaluation'

From the outside looking in it could be deduced that the BOD have no clue as to which direction they are going, the lack of news 2 months after the conference call seems to suggest this also.

At the very least John Buggenhagen could do is a podcast or media 2 months on from the conference call but he seems to be in hiding - the very thought they have nothing to inform the market after such a long period of inactivity is very worrying IMO.

It is 5% of the issued capital to call an EGM or around 150m shares.

In respect of the closed period situation - can be clearly answered by the Nomad - also worth noting that Castro said he would buy shares at the shareholder event in March - they have not been in a closed period all that time - basically they do not want to buy shares.

If you listen to the CC again, the message was there was loads of activity going on in the background and it was hinted news would be forthcoming across a number of fronts - that was 2 months ago - nothing since.

If people can compile a list of issues that they feel should have been relaid to the market on a governance front, i.e. like the INA contract renewal, then the person to send these to is the NOMAD, either by phone of email.

It is worthwhile contacting the broker to push for updates - usually they will have info on market activity (volumes/holdings etc)

I also noticed that Castro was chatting in a friendly fashion to the PR guy Tim Thompson at Flagstaff - it may be worth contacting them to press for media.

As previously mentioned I find the whole matter totally unacceptable, the shares have lost 80% of value since John Buggenhagen was introduced to the company - surely this is worthy of comment.

During the CC I tried to address the share price performance but they did not feel the matter was worthy of comment.

One does not even know if JB has actually been to Slovenia, my understanding from the shareholder event was he alone was dealing with the seismic data - if I recall correctly the results were due to be made available in or around May or June - not so.

Everything seems muddled and confused and, truthfully, are these guys really committed to the cause - one would have thought Castro would have enough on his plate at AST without taking on new roles.

Are they just hoping for a favorable result from the appeal, Walters with the greatest respect I very much doubt the Nomad would know exactly what was going on from a corporate aspect. Governance is essential, I would urge someone to keep a copy of the CC, comments made there may be material in due course depending on how this plays out.

If the CC is mysteriously removed from the website it tells us all we need to know !

The BOD are surely aware of the angry shareholder base, I have never known anything quite like what has happened here this year, the shareholder event in March was so upbeat with JB installing confidence in the many shareholders who were present, at the time the share price was around .60p

I know nothing about Castro but he seems like just another City Executive who has various Non Exec roles across various companies taking salary from wherever he can get it. The latest appointment is at TEK - he is also on the BOD of JAN where he has just been awarded 3m options.

One lives in hope and optimism that something material is going on in the background - JB talked about AST in a 'dynamic period' during the CC.

There is almost certainly a massive short position in AST, not declared, naked shorting seems to be in vogue again, lots of chat around concerning forward selling if you know where to look.

For folk with larger holdings than myself, keep the pressure up, may be worth contacting the pR guru as well as the broker and Nomad.

Nothing to do with AST, it is a private company based in Ohio

Just goes to show how desperate shareholders are for news that we have to search the internet for a glimmer of anything.

The silence is deafening.

The 1st thing Castro did was to raise funding with Riverfort clearly knowing this was death spiral finance, he then talked down shareholders in the CC, what was the point of that CC.

They will have no-where to hide if this goes down taking a small army of retail investors with them.

It is clear the BOD has no interest in this company, they have no shares and have allowed the share price to collapse from .50p when JB was appointed to the current .09p.

Castro said at the shareholder event in MARCH he would buy shares - not so !

I very much doubt they will ever front shareholders face to face - this BOD will be long gone by the AGM

I am truly disgusted by the situation - you have to question the Nomad who seems to be allowing this BOD to sail close to the wind on compliance also.

Now under £3m m/cap for a company the former CEO suggested had a project NPV of £200m - let alone a potential £50m legal claim - what a mess.

An update is well overdue.

Former President receives anti corruption award

https://t.co/5a1Swl248Y?amp=1

Growth in Zambia ahead

https://www.howwemadeitinafrica.com/kelvin-chungu-doing-business-in-zambia/63976/

Good post Ripley, having attended both shareholder events I am staggered by the radio silence, just take a look at ARS, they responded to the prior day 30% fall by a strong 'no reason for the fall' RNS today listing this years value enhancing events, AST have fallen 60% in a few months yet not a word from the BOD to try and support the SP.

I can only assume the company is about to be sold so they are not worried about the short term share price or the long term finance situation (hence the $500k loan) everything is pointing to a sale or merger IMO.

Talk going around the market a few entities are naked shorting once again, somehow managing to get around the new rules.

This means stock is sold that is not owned and usually settled via a placing at some point in the future, this could explain the large 1 billion share volume day, it is risky and losses are unlimited if it goes wrong.

Look what happened at NEW, more shares were sold than were in issue which caused settlement mayhem when a placing was pulled at the last moment, it is a dangerous game, many got seriously burnt.

Goodness knows what the comatose AST BOD are doing but one lives in hope and optimism that something material is going on in the background, JB did say this is a dynamic period for Ascent during the conference call.

Shorters beware !!

Something seems to be brewing, nothing available on-line, now they have raised cash perhaps fair value can return.

Bluedreamer

Some might suggest they are being foggy deliberately - what better than create even more confusion and speculation when already no-one knows has a clue about anything AST

It looks like the TR1 is wrong - this explains it, the date they notified and the date of the holding is the wrong way around.

The holding crossed or reached is November 6th - declared today on the 6th December, so they had 301m on November 6th

The high volume period is not covered in this RNS

This BOD are worse than Hutchinson, at least Hutchinson did occasionally respond to emails and responded on Twitter.

They will never front shareholders, will be long gone before the AGM.

I have no clue where that 1b day share volume came from, nor the 250m block sale, is this a massive forward sell operation ??

Its way past time the company commented on the situation.