Member Info for HawaiifiveO

https://www.youtube.com/watch?v=WtqQv_Rb-SA

Still a very long way to go to recover the fall (on very low volume) from 3.5p attained last year.

Where would the share price go if the banks agreed to a nominal haircut on their debt for example?

I fully believe MTL is on the cusp of releasing some very good news updates starting next week with Q1 production numbers - the re-rating will continue IMO.

It was interesting reading the Sh@reprophets article of a month or so back - it has proved to be amazingly accurate so far.

Worth noting they claimed the plant was performing well under the new management so I expect to see some decent production results due to be announced over the next few days. There was around 2k ounces of unsold gold retained from Q4 - during the period the gold price was fairly strong also.

In all I think the results will be pleasing and it will be interesting if they are presented in a new format under the new regime - perhaps we will get some for of production guidance for the year.

A great time to buy - take advantage of the low entry point IMO.

I added 750,000 shares yesterday and am in the market for more - I am taking advantage of my long knowledge about the company and its obvious recovery status - it is very rare that such an opportunity exists to make serious money on AIM - I fully believe MTL will offer outstanding returns.

Retail investors still have the opportunity to take advantage of the low entry price primarily due to Ruffer selling down their holding - with over 40m traded in the last 2 days I am sure they cannot have many more to go - once we get the TR1 that they are out then this will spike IMO.

So the advice is (subject DYOR) fill your boots at current levels - remember the shares were over 3p last May !

I would not normally make predictions but everything seems to be coming into line at MTL - the new Nomad appointment included - looking at the chart the shares were happily trading above 3p this time last year - since then there has been a plethora of improvements from the company.

These improvements have not been recognised to date - the market will re-rate MTL in due course but short term I see 2p as a minimum short term target.

More news is due and it will become increasingly difficult to buy the shares.

Every basher and city spiv is out in force today - as expected - serious investors and knowledgeable shareholders will ignore them.

Make no mistake this will be FAR higher shortly - a bid cannot be ruled out!

DYOR etc

Have taken so more this morning - can see this heading back to 2p+ shortly - the new Nomad appointment should tell you all you need to know concerning forward events - there is no way they would sign up without being assured of the future.

I expect to hear about a complete financial re-structuring and improving operational performance soon - this is a wonderful opportunity to make some real money IMO.

Similarities to what happened at AAZ (from 4p to 95p) are very appropriate.

The worm has turned here - ignore the bashers and trolls - the IPCC permit award is game changing - if ARSO follow correct procedure they should also award the well stimulation permits.

More news is coming - make no mistake.

I can see this recovering quickly - even at 1.5p the company is only valued at £35m - according to the CEO the NPV is circa £190m

This has become very investable now - a new Nomad would not agree to taking on a company without extensive due diligence, especially concerning the financial situation.

I expect to hear more news imminently, the new BOD will want to get outstanding issues out of the way so they can focus on delivering improved operational performance.

Will be adding to my position.

It is clear that there are parties interested in Ascent - Hutchinson said as much in various media interviews both during the Strategic Review and after it - the 'issue' was the permit situation.

The award of the IPPC permit was significant therefore - we also know that the well stimulation permit should be granted if ARSO followed exact procedure - it was the intervention of Leben that stopped it previously.

It is not inconceivable that Ascent could be taken over, the situation has changed - there is no takeover premium in the share price for sure - this is just another reason why the shares are dirt cheap and risk/reward is very much to the upside.

DYOR

I also forgot to mention that the new Non Exec - Louis Emmanuel Castro - stated he would buy shares in the company when he was able to - clearly they are in a closed period - this suggests more material news is imminent.

I continue to re-iterate that the 30+ folk who attended the shareholder event in late February had all questions answered - it is very very clear that AST are not going to 'promote' what they are going to to, or indeed what is going on behind the scenes due to entities wishing to damage the company.

Hutchinson has removed his twitter account and has reduced media and is being very careful in saying anything which could be used to hinder progress - for example attendees know exactly how much the compressor will cost and how long it will take and whether it will be bought new or second hand - it will significantly increase production from PG10 and eventually PG11a

There will be more announcements, I believe fairly soon on other aspects of the business and the way ahead - I am very contented to sit this out, I do believe 2019 will be a year of shareholder value restoration.

In my considered opinion best ignore the bashing trolls and swing trader comments.

DYOR etc

Very pleased with the news - I added some today as I believe this will get back to 2p+ over the coming weeks - news is expected, the new management team have not put a foot wrong so far.

I am convinced this is only the start, well done to the brave large holders here, must have been a worrying time.

The shares are cheap.

The CEO (Hutchinson) said, many times, that the non award of permits stopped many parties who were interested in the company during the Strategic Review moving forward.

There is no doubt in my mind AST could now receive offers of interest, more-so as the interested parties would have already completed due diligence in the lengthy SR period.

Everyone knows Cadogen previously made an offer, it could happen again, who knows?

There is no doubt in my mind that Ascent is one of the most despised shares in the junior O&G sector - on Twitter, for example, a number of 'big hitting' bloggers have trashed this company at will for over a year - this bulletin board has been full of the bashing brigade for ever and an age.

It has been exceptionally frustrating but mainly as a result of Slovenian bureaucracy, it is clear Ascent have been treated woefully, however I feel change is coming, there were good vibes coming from the new BOD at the shareholder event and I believe they have grounds for optimism.

No surprise the share price has come off through profit taking, early Monday you could have bought at .27p Tuesday the shares hit 1p. I expect the price to recover to the upside, 1p would value the company at £23m - that is nothing, more news is imminent, for that I am sure.

The bashers will soon have to eat their words - there is far more upside potential than downside right now, the worm has turned IMO.

I was at the Proactive presentation on 21st March and spoke to both Sefton and Quinlan, there is no doubt in my mind they want to build a significant business - nothing untoward going on here IMO, once the death spiral/dilution ends I am sure the share price will recover strongly.

It was suggested the finance package attained by the old BOD would be 'dealt with' 2-3 weeks was mentioned, said they were meeting the funders regularly.

This is not the kind of stock I would usually invest but was impressed with the caliber of Quinlan and his sidekick who also attended the meeting - we will see in due course no doubt - I would suggest they do not want to feed the death spiral with news - surely the big news will hit once the dilution ends.

Interesting that the market makers were happy to take a fair wad of stock this afternoon - not usual for a company that is 2 days from suspension - my guess is insiders have knowledge of a successful outcome, so far the new management have up-dated in good time calming nerves and avoiding panic - hopefully an update will come in the next 3 days.

I would suggest AST will shortly announce thy have secured a compressor - seems there are plenty for sale - these are capable of increasing production up-to 7 fold according to John Buggenhagen.

https://oilpatchsurplus.com/ad-category/compressors/

Looks like no appeal then - significant !!

https://www.sta.si/2624777/alpe-adria-green-se-ne-bo-pritozila-na-dovoljenje-za-petisovsko-rafinerijo

Had this permit been issued when the share price was around 2.5p (£55m m/cap) 18 months ago the shares would probably be 4p+ right now.

It is a gift under 1p (£23m m/cap) eventually folk will cotton on over the significance of the Permit award yesterday - it is game changing.