Member Info for HawaiifiveO

As mentioned at current gold prices the numbers would be far better, the operating profit being greatly enhanced by in excess of $5m

This is a real turnaround story - plain for all to see, not in the share price at all.

Good news

Gross profit of $8.5m compared to loss of $3.5m
Cash-flow positive
Gold production up 34% to circa 31,000 oz at half year
Debt restructure talks on-going - positive tone

In all very satisfactory

The larger shareholders here must have bought in with averages around .40p-.50p - what hope have they got of ever seeing their money back?

I would suggest they will do all they can to ensure there is some possibility, the fact that RGM has not come to the market to raise cash yet suggests there is a deal being completed and a package will be put to the market at some point - maybe new investors being brought in.

I accept that buying in here is high risk and punt money but this is AIM and we all know what happens by way of massive % rises if the herd are enticed in.

The question is

The large sell enabled my order to be filled - what is evident is that volume is building and, at times, it has proved harder to buy than as has been the case over the last month or so.

All I know is that on AIM you place your bets - on the realms of probability I suggest there is potentially more prospect of an upbeat RNS than a negative one given recent comments by the new CEO.

I placed a limit order around 30 mins ago but it has not been filled - someone is accumulating in the background IMO.

The market knows news is imminent on two fronts (possibly more?) no wonder it is tough to buy currently.

I suspect they are filling background orders - I cannot buy any with HSBC - they go 'as best' on just 100k of shares - this is usually a good sign.

I am probably one of the few folk to have actually spoken to JB at the end of the presentation in March - he clearly knows his stuff and was very very confident he would turn Ascent around - given he has been in Oil & Gas for over 20 years both in the US and Europe you have to back him when he stated that AST has one of the best projects, potential wise, he has ever seen.

I think we may have seen the bottom here - the much despised former BOD have all gone, and a new streamlined AST remains - as mentioned I have added twice today - very confident this will recover.

I have added over recent days only because I am confident the seismic data update will be good - I also think JB has been working in the background - there was a tweet a a week or so ago from Sophie Honey suggesting she was looking forward to meeting JB (AST's new CEO) Has he been to Slovenia and is he rebuilding relationships I wonder - if so that will ultimately benefit the company.

Having attended the shareholder event I was very impressed by JB's summary of Ascent - he said they had one of the best projects on AIM, it has tremendous potential - he is also a breath of fresh air compared to the somewhat stale offering from the previous BOD who had no real clue on the technical aspects of oil & gas and lacked contacts.

Circa £5m m/cap seems too low, even for Ascent - I am very hopeful that shareholder value will be returned, we all know how fast this moves.

I am staggered the larger shareholders have not pushed for Kaintz to go - it would have been a clean break - the fellow reminds me of a guy called Stephen Clayson who was eventually removed by ECR after years of non performance and dilution.

To get a lasting re-rate RGM need to deliver something tangible that will bring in new buyers and create much needed volume and interest .

My bet is there is a deal sitting in the background that will enable them to raise cash - consolidate and move forward - would not be surprised to see the share price bounce significantly from this prospective event - this seems to be the way AIM works these days.

Is it worth a punt - at these levels - probably.

Bell resigning has been requested by so many for so long I wonder how many will now buy into RGM - it does seem a turnaround play from a very low base.

Could it be one of those AIM multi baggers, might it even get the pump on Twitterati ??

The only thing that will get this moving up is one of the following

1, a takeover
2, a JV with a major player
3, an entire new management suite

All three are possible of course, the Prof is under attack again at KDR, another EGM requested, this time he may lose - if so it may trigger another requisition here.

At current levels this may be worth a punt - it was 45p a few years ago.

Louis Castro said at the shareholder event in March he would buy shares in the company - it is disappointing he has not, this is just the type of action associated with Ascent, say one thing do another.

At some point he will be challenged on that statement.

Great news today which will reward long suffering shareholders, drilling success + excellent operational performance will restore market confidence in the company.

Can see the share price multiples of current levels in due course.

The Prof will cling on to power by any means possible, would not rule out another placing with the stock going into friendly hands + he has another debt tranche to convert.

The requisition parties need to up their game and increase holdings + note what happened at the Conroy Gold attempt to remove him - they applied to the court to stop him placing stock ahead of the EGM but they still lost.

I attended an event with Conroy Gold present, a large stakeholder and a very well known entity, formally CEO of Metal Tiger, challenged the Prof on the woeful performance of CGNR - I have never seen such a reply from an elderly fellow, the Prof laid into these two shareholders in a very determined fashion and held his ground, challenging their criticisms on a wide front - he is a very wily guy and will not relinquish the reigns without a massive fight.

There is no doubt that the share prices of both CGNR and KDR would bounce significantly if a change of management was announced, from what I have witnessed so far the removal attempt at CGNR was far more organised than this current attempt at KDR but they still lost.

Will be interesting to see how this 2nd attempt plays out.

I have to say that a great deal of what JB said on the interview was more or less the same as he said at the shareholder event in March.

It is surprising we have had to wait nearly 6 months for a strategy update, what is infuriating is that the major matter of shareholder value destruction over the last two years was not addressed in these interviews. I find this disappointing.

There was no mention of how he intends to return value to shareholders in the near term, talk about bringing institutions on-board, yeah right, so existing shareholders get heavily diluted so that a bunch of greedy city folk can come in at a gutter price, if so NOT acceptable.

In respect of trying to restore relationships with Government, well good luck with that, at the shareholder event it was suggested by a number of attendees that the real problem is corruption and almost inevitable Russian interference, Slovenia buys the bulk of it's gas from Russia !

I think JB is genuine, I like the plans he has regarding shallow gas and avoiding well stimulation, the question is how will all of this be paid for in the near term. Maybe he will bring in an outside party to fund, in reality AST is hopelessly under capitalized and the whole company really needs to be morphed into a larger entity - a sale or takeover is still possible in my view and probably the best option for shareholders.

Here is a working link - no stock was available for most of the day.

https://audioboom.com/posts/7360258-xtract-resources-and-chris-bailey-on-boohoo-william-hill-and-dixons-carphone

One purpose of well logging.........

Hydrocarbon Presence: In addition to valuable minerals, hydrocarbons such as oil and gas represent another thing logs display. These resources stand as the main reason to analyze boreholes.

I only have a very small position here (at 3p) I have to say I have never known an oil stock to perform in such a way both leading up to the drill programme and during it - the market (or entities) are saying (or betting) this will drill will fail - I have no understanding as to why, on paper it does look like the chances of success are pretty high.

The CEO seems to have enemies, possibly disliked, he lost the trust of certain city folk who were promoting his company a few months back with the totally unexpected 1st fund raise, since that time the share price has traveled south.

To make matters worse, whilst the Twitter images are welcome they are inconclusive (as discussed here) this hardly helps the situation.

I hope the drill bit will do the talking, like everything with ZEN no-one has a clue when news is expected, when it comes will it provide more questions than answers ??

There will be 3 significant news releases this month - 2 x CPR's and most importantly news on a funding deal - the trading situation is also excellent - a strong gold price and a significant production increase in Q3

In all this is significantly undervalued, the share price has not moved to account for any of the above - it can only be a matter of time before 1p+ comes

DYOR etc

This guy backed both AAZ and TSG - both risen 150% now promoting ALTN - other AAZ holders buying in also it seems.

https://twitter.com/Oilplayer2009/status/1168173426709868544