Back to 0.016 in the short term would be a good start for many on here... having initially reached that on return! A good prospectus/business plan should be forthcoming soon... I have bought a few more, in anticipation of same! GLA.
I think the main crux of the argument posted from the naysayers will be that this is not really new - we have heard similar rhetoric from JA in the past, whereby he's confident - just doesn't seem to be able to clinch the deal!! That being said, I believe this is their best chance, in Cameroon and Namibia/SA, with interest high in the areas. He has put in a large chunk of his own money, and I think he will endeavour to succeed this time... my view, is worth a punt as these levels... any semblance of success will see the SP move northwards at a pace!! :) GLA.
Topped up myself today... it's a risk, but at historically low levels. Need a number of things to come good.. licence extension, rig slot acquisition and well funding/partner secured? Jeremy says Q3/Q4, so let's see how it goes... slow process, but ultimately profitable, if things go well! GLA.
Triumph... such bitterness and angst... have you considered counselling? As Elsa would say... Let it GO!! :) I've been in and out of 88E for years too... and it's not been great, with duster Dave in charge.. we have a new broom now, and this (IMO) is their best chance of flowing commercial oil. Fair enough, no guarantees... but better than average I would say! Just got to wait for the flow rates... see how it goes! GL anyway.
Personally... I think it's going to be one of these... that just "pops up out the blue" on us... and one day (without warning) we wake up to a red dot announcing a sale agreed for x-price!! That's my fervent hope. Not selling down here anyway... and may top up on further weakness. Still have faith.. although it's been tested to the MAX!! :) GLA.
Dr C.. You said last week you had contacted the BOD and suggested they posted a progress update.. I assume you heard nothing back from this request? Personally.. I am assuming they want to satisfy the CVA up to April..and next month onwards we could expect to hear news on acquisitions? I still hold.. And have topped up.. As I think this will come good.. In time!! GLA.
For my part, I echo these sentiments myself! It's highly frustrating, but we are where we are.. with Putin and the war in Ukraine! I don't believe changing the BOD now would be beneficial. I still do believe they have our interests at heart... and one day (Rodney) we might be millionaires (well, some of you might... not me!)? Four Christmases now I have thought.. could this be the year EUA pays for my Christmas presents??? I'm hoping Christmas 2023 is lucky number 5! GLA.
"2. Operating segments
The Company's sole asset is *** Star News ("GSN"), an online media platform dedicated to the LGBTQ+ community. The Company is continuing to develop GSN with strategic partners.
Iconic operates in the online social media and publishing sectors and to complement its existing asset, is seeking acquisition targets in the technology, artificial intelligence, and big data gathering, processing and analytics sectors."
Let's hope they succeed in finding the business!! GLA.
Swooped in for a few more when it went below 3.5p this morning... couldn't resist.. rude not too!! :) Will I be looking back in 6 months time, thinking a) what a wonderful purchase and why didn't I get more as it sold for 50p, or b) what a muppet buying at such heights, when it's been dreadful and languishing now at 2p? Time will tell. Hopefully... the former!!! GLA.
It's the first drill.. in many a 88E year... that I have not felt complete fear and trepidation about the RNS about to be released by old 88E and specifically "Duster Dave"!! :) New broom... new luck!! :) I have a sneaky feeling this will come good... so good luck to all long-termers (who deserve it!). GLA.
OTT - but came across Adam Frisby's post.. on Insta.. for this IPO debacle from March 2021.. wonder if she's still proud?:
WE DID IT !!! ...IN THE STYLE IS A £105 MILLION POUND PUBLIC COMPANY! ???????? I don’t even know how to write this, I’m totally overwhelmed...In The Style is just my little baby I started 7 years ago from my bedroom & somehow today it has just traded on the london stock exchange at £105m. What the actual hell!?? So I actually want to use this post to just say something that’s really important to me...Anybody who knows me will know just how much this means to me. I will always remember how I felt as that young boy who was kicked out of my home at 15 years old, chucked on a train with 50p & told I would never amount to anything. I didn’t have the chance to even finish school... at 15, with no qualifications I had to go find a home & a job to start earning some money & I remember for so many years feeling so lost about what the hell I was going to do with my life. I had no confidence, i was totally lost ?? One afternoon after being made redundant, with under £1000 in my account I decided to go for it... ITS was born in my bedroom, I didn’t have a clue what the hell I was doing, just a little dream & Jamie by my side supporting me. I have so much to thank Jamie for, he’s been my world ?? The last 7 yrs have been a journey like no other. The ups & downs have been crazy. I live & breathe In The Style & it’s my whole life, I know so many people around me have missed out on time with me because of it. I remember having a conversation with my Nan before she passed away & telling her my goals, she used to joke that I would be able to look after her when she got unwell & put her in a nice home. She always joked about it, but it was never a joke to me. All of this wasn’t my plan, making her proud was & I really hope she’d be looking down feeling that?? Anyway I’m rambling but the point of this post is I hope that if I stand for anything it is that you can do whatever the hell you want in life. Never let anyone tell you that you can’t. All I ever wanted was to be able to look after the people I love & I promised my Nan that’s what I would do...so I will.?? Thank-you to every single one of you, without you, this would never of been possible & I’ll be forever grateful.
10p? Double bag for any buying today then!! :) But, us longer termers... hoped for something more substantial! I had 84p in Ian's guesstimate game (back in the day), so sticking with it.. no reason, other than sentimental!! Ian... hope you're doing well too :) GLA.
Came across the old transcript of the Q&A session with Parsons/Dennan... back in June 2021. Most bluster... a few questions on the Slovenia claim though...
Question from SteveM
Arbitration, how long will this process take? Have the new lawyers given any indication of how
quickly the process will take?
Andrew Dennan (Chief Executive Officer)
I recall an average time to complete arbitration is approx 3 years, some claims have been resolved
as quickly as 90 days and others can take 4/5 years. Slovenia have had 3 arbitration cases
against them, 1 they lost and paid the damages award voluntarily and within the time period
stipulated, the other 2 Slovenia settled after arbitration had been initiated but before it concluded
Question from SteveM
If any large sum is won during the arbitration proceedings will a proportion be returned to long
term shareholders that have suffered for years being invested in AST??
James Parsons (Chairman)
We really can't speculate on what the Board would propose to do with a successful damages
award. I do personally have some thoughts on this and a plan in my mind but it is premature to be
speculating and anyway it is possible / likely that it would require a shareholder vote. I suggest we
cross this bridge when we get to it - it will be a luxury problem to have! Having said all that I
would highlight that we are acutely aware of the history at Ascent and are very focused on doing
the best we can for shareholders.
What a good time these Q&A sessions were... all bluff... questions about Cuba too... progressing as fast as they can apparently! :)
Possible Options IMO are:
1. We get the final agreement on finance, and we go it alone, to drill the NJOM well, see what's there. kerching!
2. We don't get finance, and some kind of JV materialises, with a bigger company coming on board to drill it with us.
3. No finance, and no JV, so we have to wait and see if someone wants to buy us out eventually for our prospective leases.
4. No finance, No JV... and no-one interested in buying us out... so we plod along with placings ad-infinitum.
Place your bets! :) GLA.