Member Info for jamesjohn

I've been following this stock for over 4 years. 3 options for me have very little hope.
Firstly the Cuba option is a shot in the dark, you may as well invest your money in any new venture that is out there.
Secondly if the appeal is lost, then winning a legal case at the ECJ is going to be long and difficult.
Thirdly if we lose the appeal and we decide to go for the full EIA with the environment agency, then this also could take many years and still end up with nothing.

The best options for me are as follows:
Firstly we win the appeal and the Slovenian government give us the permit. We should see a massive rise in sp and the £200 mil plus asset is now realised. Best outcome!
Secondly if we win our appeal, then the threat of legal action could result in compensation. Also a very good outcome.
Thirdly if we win the appeal, but results in no permit or compensation then any legal action has a stronger chance of success.
At the end of the day it is your decision, but for me the only good outcome is we win the appeal.

Good luck with what ever you decide to do.

Just listened to an interview with the new CEO.
It lasted 12 mins, and only 2 mins of that was with respect to the asset in Slovenia. I find it hard to believe that we spent well over a decade in Slovenia buying land, building a pipe line across the border of Croatia, producing gas and many years applying for permits. After all that we are still waiting for an answer from the administrative court, and we are now talking about spending many more years in Cuba.
All I want is an answer from those courts, Yes or No, so I can make a decision myself.
If after all this AST decide to go for a full EIA, I will give up. There is only one outcome for me with this and that is we win the appeal. All other options are off the table.

Correction....no not know.

This was a good 'RNS', but sadly not important enough for me. I have said many, many times on here that the permit is what is required to change the fortunes of 'AST'.
Should we lose the appeal, I myself have decided I will no longer follow this share. So despite us now being in a position to take legal action I will give up on this if the appeal is lost.

However should we win then I believe this will place us in a very strong position and the share price will react accordingly.
It appears Slovenia has know respect for foreign investment. This project has been a case of just waiting and waiting for Slovenia to make a decision from start to finish. Poor!

It is strange how this website seems to halt it's trading information from time to time. I do like this sites layout etc, but it does seem to be having it's problems of late. Unless it's just my computer!

shiny......Yes, Harry is not the best at public speaking, and when you add connection issues it only makes it worse. I guess many will have switched off. I did listen all the way through, but l imagine like many on here, I could not listen all the way through again.

shiny... You are correct, but at the same time he was explicit about the banks not closing until after the elections. These were separated in the webinar as two different finance packages. To Harry this may seem clear, it's just that we like to hear it spelt out to us. You can read it which ever way you want, but I do believe that if the first tranche from ANS was to be released after the elections he would have said so.

It's a steady sailing ship, that will turn on it's motors once first monies arrive.

Harry said the NOTARISATION is done......45 mins 25 sec - 46 mins 51 sec. The next step is registration at the department of trade.
This appears to be what we are waiting for. However I guess there maybe a few more signatures from government departments etc. Hopefully this first tranche will come soon.
What is clear to me is this first tranche of cash does not require the elections to take place. These monies are needed not just for what it buys but to show that our private partners are committed.

I noted he said the banks would close after the elections, not the private partners ANS.

Also I think he said the Notarisation was complete.

He did NOT say the first tranche of money from ANS will happen after the elections. That could still happen shortly! From what I recall he said they are dealing with the department of trade. As per the RNS of 28 Feb, they indicated the month of March.

Yes, thanks for posting mboffin, a very good find!

I was on my lunch break when I read the article, I didn't read it properly.
However I'm still positive as this shows that ANS are still committed to the project. To me it suggests that the initial tranche will arrive once the red tape is concluded by the government, hopefully very soon. It appears the rest of the funding will be achieved by selling off the ANS shares gradually as the project advances. This will be to other banks and financial institutions. Don't forget this will be a work in progress and will attract more interest as each stage is completed. That's the way I read it anyway.

I find the article positive. It shows to me that ANS are committed to the project. Also the first funding is small in comparison to the second amount which is required much later on. My understanding would be they have the initial cash ready and we are waiting government red tape. We will hopefully find out some answers on Friday. I have put some questions forward and I guess this article will raise some more. I think ANS will sell other investments later on in the year to fund the second and larger tranche.

Yes I imagine it will be held in Ethiopia. Friday is the most likely day we will be told because of the time difference, but I was just thinking it could be a late meeting, and then we don't know how long it will go on for. Plus the RNS would have to be prepared etc.

It's possible we may have to wait until Monday 17th Feb, before we are told. The meeting could take place as late as Friday evening.

That's the whole point behind investing.

I think VAST holders are waiting for the JV sig in Zim. I believe this may be the big one, hence the modest rise. With us it's all about the ANS funding. I think it will be concluded this time, but there are always doubts when you are dealing with a collective group. May be it is a good idea to have some invested, and extra money to buy more if or when the funding has been concluded.

You are correct bradis, but if, (BIG IF) we win the appeal, then it could delay receiving it.

Looks like Slovenia is going to have another election. Hopefully this will not cause another delay. I don't know how many elections this country has had in the time AST has been there, but it is a lot I'm sure.