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Kenj,

Thanks for the clarification!

Kenj, it’s clear to me that it states that the original application was made when the old EIA decree was in force and when an EIA was required. AST did not want to revise their original submission to comply with the new or revised EIA decree.

That was my understanding at the time and remains so.

Kenj, below is an extract from the 1st June 2016 RNS which led me to believe an EIA was submitted as required by the original legislation.

“ The Project Partners are therefore reasonably questioning Slovenian regulations, especially due to the fact that at the date the application was submitted an old EIA Decree (Decree on environmental encroachments that required environmental impact assessments (O.J. RS no. 78/06, 72/07, 32/09, 95/11, 20/13)) was in force and that its legal successor a Decree on environmental encroachments that require environmental impact assessments (O.J. RS no. 51/14) specifically excluded any procedures that started prior its validation (as was the case with this application).

Wobble, Enyo Law walked away from the case, they quit and they did not get paid. LIA tried to appeal the ruling against them but the appeal was denied.

Goldman Sachs won the case but not without severe reputational damage.

Regardless, Enyo have their work cut out and my feeling is that the case against Slovenia will rest on whether it was reasonable for them to request an EIA from AST, which if you remember AST refused to do.

In my mind, that was an ill advised decision. AST had previously submitted an EIA but between then and the request to resubmit, European Environmental Law had changed and Slovenian policy on “fracking” or stimulation had also changed.

If AST had revised and submitted an updated EIA, things might very well have been different.

I could be wrong of course… time will tell and in this case, time will be measured in years as any outcome will no doubt be followed by appeal after appeal.

Enyo Law do not always win!…admittedly it was 2016 but it was a big loss for them!…there is no guarantee of a successful outcome for Ascent and even if found against, the Slovenian government could take censure and a fine rather than pay out!

HSF victorious as Enyo Law client LIA loses $1.2bn claim against Goldman Sachs

Enyo Law client the Libya Investment Authority (LIA) has lost its $1.2bn case against Goldman Sachs.

By Tabby Kinder 14 October 2016

WTP, sometime ago, I wrote about Merck and Redmile’s relationship after Redmile sold their investment in Bristol Myers and invested in Merck. I do not think that Redmile are still invested in Merck as they are not listed as a major shareholder.

If they have bailed out I would imagine it was before news of failed trials and before patent issues being noted. In my book that makes them a smart outfit.

I still believe that Merck will have Scancell under microscopic review and are potentially a main suitor with a healthy war chest!…the previous tie up of Merck and Redmile will undoubtedly have residual relationships that could “oil the cogs” if a buyout is an option for Scancell or whether Scancell feel any approach would be hostile if, as someone on here muted, they intend to go it alone.

Just my musings, not to be taken seriously!

I got lucky here!..I bought in before the offer as I was looking for a bit more diversity in my portfolio.

My logic was quite simple, I thought that Fintech companies would utilise the developing AI phenomena for data management. Maybe that was not an original thought but it has worked for me on this occasion. It was not “insider trading”, I never discussed my intent to purchase with anyone, I don’t know anyone with any knowledge of either companies and I don’t know any traders or market makers, I just got lucky! I am no longer holding but sitting on a pile of cash looking for my next opportunity.

For balance, I have not always been this lucky but hey ho!.. that’s part of the thrill with investing! 👍

I’m inclined to agree with Chester. SCLP have steadily been building a management team that looks like growth not divestment. Hiving off or partial hiving, as with Genmab, funds development of the other aspects of the Scancell portfolio.

However, everything has a price and Redmile and Vulpes will want to see a return on their investment sooner rather than later.

Personally, I would like a significant offer accepted sooner than wait for long term growth….but that could be an age thing!😜

Empty, it’s knowing when to sell that is the tricky bit!…Tesla shares at 2000 would have been a good sell as they are worth 220 today!

The shares in Scancell that I sold were in a S & S ISA. The cash is still there while I look at other potential opportunities …including Scancell if they do fall back a bit.

Drac, completely selfish of me I know but I don’t invest for the benefit of any company, I invest in the hope of benefiting myself.

I have other ways to be altruistic.

“I think”……Lindy’s words!…Think about that!… I once thought a red hot favourite at the Cheltenham festival was a sure thing… it fell at the last!… I did think that a good big ‘un would beat the good little ‘un but Usyk beat Tyson. I did think that Rory would win the US Open but he stumbled at the last few.

There is unbridled optimism here from some and I count myself as one of those. “I think” we are backing a winner here but I have learned to factor in to my investment strategy a consideration of the “What if”…What if the expected data does not match the expectation?…what if Redmile, for whatever reason, pull the plug ? what if the ORR is not in the high percentage with more patients added?

Greed and a vivid imagination has been my problem. It has been stoked here by comments referencing a potential of £8… and more!…but for once I decided to be cautious and have been one of the “sellers” this week!… i bought my original holding in 2019 so got in on a low single figure. I have added since but always below 10. My sells have bought me a very nice profit but I remain a strong supporter of Scancell with a holding to the power of six on a free carry!… I am no longer gambling, I am investing but my greed and imagination is still there.

The enthusiasm and optimism here is great but remember you are gambling on results with an AIM listed company with a small market cap and the key word is “Think”

I am not advising, I am sharing my thoughts and actions.

Good Luck to everyone!… I THINK we will do ok here!… 👍

In less than a month this sham has gone from,

Ascent Resources Plc (LON: AST) the onshore Hispanic American and European focussed natural resources company.

To

Ascent Resources Plc (LON: AST) the US onshore gas and helium processing and production focused company.

There was never any “American Hispanic” operation. This company is all smoke and mirrors to help the fundraising for over inflated salaries for the board members.

They have no permanent office space so do not pay rent or rates and other than the BoD there are no employees.

This is one for the real mug punters…..stay clear or lose your money!

I didn’t agree with ScinV’s point of view and it did seem like he was goading Berm.

However, I am sure Berm is well able to look after himself but worse behaviour is with the self righteous p**ck who would dictate to us what we can and cannot see on this BB.

The fragile ego that had ScinV’s posts deleted is a bigger bully than ScinV and probably exerts coercive control on somebody in his real life circle and is without doubt a pathetic and weak individual.

Goodbye?…I doubt that is truthful!…but I live in hope!

Covid did not make Oil & Gas companies or Utility companies go bust!

If you dig deeper, you will find that operational issues at the plant were costly, probably through the lack of planned maintenance, possibly relying on breakdown maintenance. The global energy costs can have huge impact whether they rise or fall. Major energy companies have cleverly thought out “hedging” strategies to level out peaks and troughs.

The devil is in the detail but it’s easier to say Covid was a factor!!!

Good Luck Earlofaim…I think you are going to need it!

I should also mention that after the new issues of shares are accepted, there will be just under 240 million shares in issue not 200 million as I previously stated…..expect these to fall in the short term and maybe an opportunity to trade will present itself……personally, I will be staying well clear but will be watching with curiosity!!!

“Texas-based, Paradox Resources LLC, has filed for Chapter 11 bankruptcy protection listing at least US$50mm in debt. Paradox’s Lisbon Valley gas plant in Utah has gas processing capacity of 60mmcf/d and helium treatment capacity of 1.1mmcf/d as well as helium liquefaction capability of 0.6mmcf/d, which is currently offline. Paradox owns over 100,000 net acres and operates over 150 wells in the Paradox Basin. The company cites operational issues at its gas processing plant and financial challenges exacerbated by the COVID-19 pandemic and declining natural gas prices as reasons for its insolvency. “

The filing under Chapter 11 occurred less than a year ago with Paradox over 50 million dollars in debt.

Earlofaim, I hope you did some quality research on this because it feels more like a wild punt on Parsons and co……and there are plenty on here who rue the day they believed everything they say to promote this dead dog!!!

Over 200 million shares before the admission of those for the fundraise, a market cap of £4.8m and buying into bankrupted USA stock…. Something does not add up despite the optimistic tone on helium. If it is so good why does a bigger US company not realise the potential?

Way too smelly for me!!!!

What a load of bullocks!!!…some on here need to pull there heads out of there rses and stop imagining worse case scenarios when there is no current evidence other than the demons banging drums in their heads!… ffs stop hanging around this BB and get a hobby or have a drink and relax…😜

Cleanerworld, beware the green eyed monster!

We know that Rishi Sunak was successful before he entered politics. His wife is from an extremely wealthy family so he is wealthy. The “have nots” will never accept that wealth and politics do not always mean fraud and corruption as your post hints at.

As with all UK Prime Ministers, when appointed, Rishi Sunaks investments were put into a “Blind Trust” where the trustees manage the portfolio until he leaves office. He has no idea how the trust is managed….which is the point of a blind trust!… if it’s managed well for him then good luck to him!… but let’s not let truth get in the way of a good story that is twisted by envy!