Member Info for Kashdog

AGM
- All resolutions passed by massive percentages from proxy votes..not by show of hands at the AGM
- Operations to be "run down" in Slovenia with the company refocusing on other potential opportunities in the region including Croatia.
- litigation funding will be from a successful claim if the lawyers feel there is a chance of success. However lawyers have not reached a decision on this at the time of the AGM.
- seismic reworking not completed yet J.Buggenhagen not at meeting due to poor health.
- Compressor sourced and contract in place but if Slovenian operations are being "rundown" then it may not be commercially viable to utilise the compressor.
- All BOD members committed to purchasing shares when legally able to do so. Apparently, the proposed change in direction of the company prevents them from buying at the moment.
- costs to be cut, including salaries to be replaced by share options to maintain motivation
- £750,000 in bank to cover current costs.
- CH indicated he would like to stay in place but board discussion required to agree this.
- if the permits do get granted, which the board acknowledged is now highly unlikely, then the board will reconsider but the general message was that AST is moving to establish a position out of Slovenia.
I am sure others at the meeting who also frequent this BB will confirm or correct the points above.

S007, you fkn eedjit! A company with a mcap value of 7.2 million will successfully sue a state because that state will be embarrassed, you must have a punchline to that joke! This whole episode will not greatly affect any major international companies investing because of the commercial pressure they could bring to bear. AST have a 75% share of a company currently worth £7.2 mill..what real impact do they have on the Slovenian economy...I am still betting that we will have a successful outcome....but not because I believe we are an all powerful entity that can bring a government to its knees but because away from the politics, the asset value remains....PS like New_2 and others, childish misspelling will be perceived as an insult by the Slovenians, do not underestimate the damage that causes!!.... to me, and this is personal, it smacks of racism!

New_2, I think this is your 12th or 13th post today and I see a couple of thousand posts since you joined this BB in December 2017!...is this your full time job?...have you considered any hobbies because I think you are showing signs of stress and anxiety imagining that I am Colin..this cannot be good for your mental well being...I hope I am wrong!

My mistake!...I wrote Slovakia when I meant Slovenia. Apologies to all it may have confused.

Slovakia???...what have the Slovakians got to do with this? Who are the "we" you are talking about?....and just how will you deal with the Slovenians? Especially when you keep insulting them with your childish play on words....I think it's you that are dreaming!..more probably you are living a nightmare. Chin up son..it's only money!!

Took my Benneteau out of dry dock early this morning after a minor refit and new rigging over the winter. A few hours of shakedown with a couple of mates (experienced crew)..she handles beautifully!!!..now I'm back and see the Cry babies and Hutch haters are out in force. It Seems a lot of you feel you have a god given right to profits when you place your bets. In hindsight anyone can say mistakes have been made. There was a belief that we would get the permits which delayed the decision on resourcing a compression skid..they don't fall out of the sky and they are in demand from a global industry. Caution on bringing litigation is a prudent decision as, in my opinion, AST will not beat the Slovakian govt. but it will put us out of favour with the other agencies. I think we should complete a revised / new EIA as that is the only possible way to obtain the environmental consent to proceed. I won't bang on about the Asset value....I say again, patience and courage could reward but if it doesn't, dry your eyes and move on!....I hope I haven't upset anyone!

Jester, informative post....is it possible that AST have been a little naive or possibly slightly duplicitous in claiming existing permit applications or Previous EIA submissions are adequate when, in reality, there are significant changes that actually require an updated EIA e.g. Deeper drilling, possibly through water loaded strata impacting drainage and or the use of different, more recent chemicals for stimulation that have not been assessed in previous assessments?...just a thought!!

In hindsight, we should not have appealed but hindsight is a wonderfull thing!!!...An EIA is not that difficult but needs to be done well. So we submit the Assessment and get the consent.....simples!...The asset is still there, it hasn't gone away, compression will improve revenue to keep operating in the short term. If it does drop into the "2's" tomorrow, I will be performing my own form of dilution and buying!!...I would not advise anyone to do the same as the risk has increased somewhat!!!... I repeat for clarity, I would NOT advise anyone to do the same.

Yawn!.....it's raining....I think I'll watch some cricket!.....Yawn!!!

Daywalker, you are a worrier aren't you.....got any different tunes?

Apoogies my last was referring to New80's rambling!

You are rambling new2...what are you on about?

Daywalker, that would be smart trading wouldn't it....something you clearly don't know much about!!

New80, I cut and pasted directly from the 2018 report, without any editing! How is that misleading? Your opinion on who sold what is based on what evidence?...and in itself, because it is baseless opinion, is just more negative tripe that we have come to expect from you. are you going to the AGM to let CH know how you feel about him?

If your shares are held in a nominee account, then you should have contacted them to receive your "letter of representation" without that, you will not be able to vote on the resolutions at the AGM...I believe that if you are not attending the AGM but wished to vote, I think your proxy forms should be submitted by tomorrow or they are voided. Happy to be corrected if I have got this wrong!

This share not for the faint hearted!..courage, hold the line!....negative posters should bail out or stock up on Kleenex!!!

"The Company has raised £1.1 million in new equity since the balance sheet date from new and existing investors. Under the Group's forecasts, the funds raised together with existing bank balances provide sufficient funding for at least the next twelve months based on anticipated outgoings and the receipt of revenues from production.

However, the forecast cash balances do become limited towards the end of 2019, until the anticipated production growth from the planned capital expenditure takes effect. The forecasts are sensitive to the timing and cash flows associated with the capital works and the associated production improvement. In the event that the anticipated cash outflows be greater than expected or cash inflows are lower than expected, further funding would be required. As a result, there can be no guarantee that additional funding will not be required.

Based on recent support from new and existing investors the Board believes that such funding, if required, would be obtained through debt or equity.

As a consequence, there is material uncertainty which may cast significant doubt over the Group and Parent Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern".

Daywalker, I am totally ambivalent about CH .....and his salary! I indicated before that one of my investment criteria are companies that are debt free. I took some massive losses some years ago on Eurotunnel and Telewest. Their debt piles were taken over by the bond holders leaving the PI's with miniscule percentages of the stock. For example the bond holders of Eurotunnel took 98.5% of the stock, leaving the shareholders with 1.5%...next to nothing!...Dilution is unpalatable but preferable to accumulating debt, when good news lands the SP goes up!....AST has been diluted but good news (permits) will generate upward movement for the company SP, which has no debt! It is high risk, it does depend on permits being granted...you may be right stating with such conviction that the permits will not be granted but you have no real evidence for that. Currently, I do not believe anyone can correctly guess one way or the other...that's the bet!...accept the risk and potential reward or bail out!.....exciting isn't it?

Daywalker, I will be chuckling for the rest of the morning!...you, setting yourself up as the guardian of investors....priceless!!!...so you believe you are a superior stock picker?... an experienced and mature analyst?..your posts indicate you are emotional, you take things personally and cry about your own investment failings....please don't stop your posting...pure gold as entertainment. I need to find out who owns "Kleenex" and maybe buy some stock on two counts. Those of us who need to dry our eyes at laughing so much and you using up the tissues from crying so much...keep it up, we all need a good laugh!

Daywalker, if it's not my business why are you telling me....and everyone else! I have no idea when the permits will land but I believe they will ...that's my high risk bet. If and when they do, your current paper loss will turn a profit. Obviously no guarantee. If that does happen then cash in and take your negativity to another stock BB and bore their stockholders s#itless!

Daywalker, 3 years ago AST had not yet produced first gas and had drawn down nearly 1 million from a debt facility of £7 million, they were still waiting for the IPPC permit and had recently employed CH.....and it looks like, from your last post, you bought in at 3p at that time!!!...Did you do any research, or did you fancy a gamble on the headlines at the time?...I am not surprised you are bleating so much and looking to blame anyone but yourself for your own incautious investment strategy.