Member Info for JimPrice

My concerns are manifold:
1- there are no executives in position at the moment and also no CEO which indicates nothing material is going on.
2- The chart has broken down at support which was an all time low, from a technical perspective this could now breakdown a lot further in the absence of news
3- Having read the accounts carefully and queried them with management I believe they are likely to raise cash by December.
4- Covid-19 is going through a second wave - restrictions worldwide are hitting the oil market and the jurisdictions in which the company operates pretty hard.

It's a bleak time for shareholders. I am keen to see a turnaround and hope to take advantage of this opportunity should it arise.

Agreed. It's interesting why someone would post such a rumour on a public forum. Surely you should've done as I did and got in touch with the company to clarify. Now that momentum has turned up and with so much newsflow to look forward to I can't help but think you're after a lower entry. The clock my friend is ticking, one week or so before the cooling period expires and imv material newsflow begins to land

Sensible = sensitive

Post your source. This is a price sensible claim and NOMAD should take note. We have not received an RNS on the matter

I had comms with Andrew Dennan regarding your post and what I have been told is 100% incongruent with your post. The CEO is optimistic regarding their relationship with Geoenergo. Posting baseless and unsubstantiated rumours is a form of market manipulation and I am not surprised that it has been removed.

The RNS last month clearly stated that litigation financiers have been proactively approaching the company since the letter went out. They know this is a golden opportunity for them to make some easy money. AST will have a strong case and soon we will hear exactly what's been discussed behind closed doors. A week to go before the 3 month cooling off period expires and all is revealed.

Yes CEO bought £100k at 5p. In comparison current price is cheap

Cash at end of June was £300k. Chuck in post period raise of £700k and you have nigh on a £million to utilise. Healthy cash position has forced city players to buy open market hence pushing the price up. 20% of the float has been taken out in the past 2 months setting us up perfectly for Q4. News due on multiple fronts each with the potential of transforming the share price. The downtrend is finally turning. GLA

Interesting article out in Slovenian Press this week:

Slovenia will first resolve the dispute with the British in a peaceful way

Ascent Resources, which intended to extract natural gas by hydraulic crushing in Petišovci, is suing Slovenia in a lawsuit before an international arbitration court. Such lawsuits can cost several hundred million euros, which is why NGOs have been warning against the legal tools they provide for years......

Read further:
https://www.dnevnik.si/1042940421

Two large buys reported earlier. 550k and 801k. This is not punt money in my opinion and I'd imagine there could be another TR1 incoming shortly

Eyes on the warrants at 4p+. They will want them in the money and now it seems the board are releasing news in an organised flow. The share price has had a long down fall and when the tide turns it could be a spectacular move up. I believe we are at the beginning of a sustained rise over the next 6 weeks

If some of these "proactive" parties takes on the case on no-win no-fee basis I'd imagine the share price will bag on the day. There is clearly an attractive case here which we will get a proper update on very soon

Good luck buddy. News could land imminently with regards to the following:

"The Company is pleased to confirm it has appointed an independent quantum expert who is finalising their independent estimate of the total damages which is expected imminently. Folowing receipt of which, the Company is now initiating detailed discussions with specialist litigation financiers, some of whom have already proactively approached the Company following the serving of the Notice of Dispute."

Compensation will come via share price appreciation. It certainly won't be sitting at 3p should litigation be successful. I am well positioned to reap rewards in the near term

Share price building a head of steam now supported by volume. The beauty of it all is that it remains largely off radar. I think the herd will start buying after it crosses 4p and from a technical perspective I don't think we have long to wait.

The share price is uptrending in a channel. Nothing goes up in a linear fashion and corrections are part of the process of establishing higher highs. Next leg up should comfortably take us to 7p+ in my opinion and it will be sooner rather than later. Plenty of game changing news to preserve the momentum and fire up the share price

Fundamentally and technically poised in a firm uptrend at a key breakout point.

https://twitter.com/JimPrice83/status/1298962893367631872?s=20

A nice 2.5m buy to close the week coupled with the 3m earlier. Bodes well especially if we have a large buyer at work.

There's clearly a plan here. TB has an awful lot of BRH shares to shift here and needs liquidity for it. He is a tight chap and wouldn't have bought that much if he didn't have a plan for it. His statement in today's RNS laying out what the coming months have in stock for shareholders.

AST conference call take-home points:

1) Slovenia - Engaged a legal boutique firm to advance legal action with regards to Slovenian asset. Confident they can secure an attractive funding agreement for this with the said firm. I gather this may be a large up front payment to the company.

2) Cuba - Working to secure operatorship & Production sharing contract which will expose them to the largest non-state owned on shore O&G project in the country. Newsflow in this connection to follow

3) Special situation - in advanced stages of securing and announcing a third project (outside of the oil and gas space). Likely that this will be a valuation inflexion point.