Member Info for lejjb

Nobody can be 100% sure of what trades are, but it extremely likely that the second 3.5m trade was a buy - the market makers would not suddently allow the same big trade at price 17% better for the seller. This would be utter market making madnes.

So it is almost certain that the second 3.5m trade was a buy.

And it is not right to say that "no one is buying into this" - if it were true, Geoenergo wouldn't bother bother speaking publicly. And there would be a much clearer SP drop today.
Please don't confuse "not many people appear to believe it will happen" with "no on believes it will happen".

Sure, there hasn't been a sudden breach of floodgates etc. but if you had paid attention to the detailed trades of the past few days, you would see that there is much more activity, and a relatively healthy amount of buys (at least 6m), probably as many as the sells - before, there were more sells than buys.
And don't follow the red / blue colour indicaiton of LSE, it is heavily flawed because it is based on estimate based on the advertised bid and ask, not the real ones of the actual trades.

Plenty of trades both ways, and certainly the PR mill is still running...

A point that I would include if I were you: “ - concern that approx 5 years of delays, (caused by such things as a misapplication of an explicit legal provision by a court, the ability of a legal person to keep challenging the grant of the permit (and repeatedly failing but succeeding at adding years of delays), repeated new requests for information from Arso that had not been necessary in the past, months of complete silence, and now the sudden ability of a junior minister to try restarting the process in total disregard for due legal process partly (allegedly) because of emails and social media posts from trolls) have been pushing to the brink of ruin the biggest UK investor in slovenia. It also is sending a clear message to the foreign business community that the country is not open for foreign investment. Or maybe that there is corruption at multiple levels of the apparatus of the Slovenian state - possible involvement of Russia gaz interests comes to mind. This is not a State of Affairs that the European Commission would be happy with. “

https://twitter.com/1969Mala/status/1073252874170363904

Report of statements made before the Infrastructure ministry, that include our field and mention the misunderstandings about the environmental impact - finally our partner is throwing its weight in openly.

Methinks Arso and JL will get a push from a much more important ministry for the Slovenian state shortly....

stockdate - amen to that.

I probably wouldn't go as far as saying he / the BoD are just sitting and waiting it out.

It takes a few weeks to put together a full legal strategy and submission, even more so if the BoD are trying to do it while spending as little as possible - vs spending £50k just for preliminary advice from a famous law firm.

And you will notice that CH got several publications to speak about Ascent and the field last week - sure, it's not the frontpage of national / non-business newspapers in Slovenia, but it is a start.

It may be a bit of a case of preaching to the converted.

Has anyone seen any marketing for the concert that clearly features the VR availability (not just a small logo in the corner of the string)?

I agree with Stockdale.

And even if one does not approve of Colin, please New_2 get your act back together: you have shown a lack of consistency in just one day - as Stockdale pointed out, you wrote a formal / polite e-mail to CH, then insulted him publicly on the same day.

Maybe they did years ago.

But people have short term memory - common in low cap and AIM shares where doing things like stirring up an old (and long disproved) rumor sometimes works at driving share prices down for a short while, before the SP recovers.

Translations courtesy of "W"

https://twitter.com/990WR/status/1072527271901192193

https://twitter.com/jurijsimac/status/1072482495780806658

It's all in Slovenian so I haven't had the chance to read it.

Still, the PR mill is turning...

Unless an action before the CJ EU is filed.

This would shine a bit fat spotlight onto this small country.

IIRC, the first time round (in 2016) for the IPPC (i.e. building of plant) was a procedural reason, as a result of a complain from a (now former) NGO, and this went all the way up to a Slovenian court ruling.
- But this was a clear misapplication of the law so it should have been awarded.

Rather than spending more money in court, I believe that Ascent decided to carry on doing what it could legally until it became profitable, while re-applying formally for the IPPC permit in parallel.

Since then, no formal decision was issued, just requests for more info (even more than the earlier application).

I don't know when the need for the well re-stimulation permit first came about, but I don't think it was ever refused either, and now it's kind of lumped in with the IPPC permit application.

Ascent's CJ EU court case, in my amateur's opinion, can therefore be at least based on the misapplication of the law all the way back to 2016 and how this could amount to unequal treatment for a foreign-owned business.

1onic had (still has) big hopes for that one. I have barely followed that company myself, no money in it.

A poster / tweeter user already owned up to it dude. Relax and take break.

misiekm - that's misleading.

there were about 1.4m of buys (in three trades) afterwards. Not counting the recent million...

Reg - you've changed your tune.
Are you the one who bought 469,286 shares at 0.4249 then?....
LOL

Roughly, yes.

Among other things, the Treaty on the Functioning of the European Union states that you should not treat other countries / legal persons from other countries different from yours, unless it falls within a set of clearly defined exceptions.

So an action for a breach of the relevant articles of the TFEU appears to be the most likely route.

And CJ EU actions are quite "cheap" - IIRC, on the scale of £100k - £200k. Certainly cheaper than before national courts.

The non-negligible possibility of the permit landing within less than a month means that CH and CC would be in trouble if they buy shares now.

I actually think they have their hands almost certainly tied.

Their only safe option would to buy as soon as the news is out, but before the SR resumes (assuming it does).