Member Info for lejjb

I bought in today after assessing the superb risk/reward of this share, but I struggle to get a convincing indicator of the next likely resistance for the SP should the IMF agree to a deal (which is very likely according to my brief research).

The nearest is can get is a monster rise to 28.5p (ish) in less than a week.
https://www.tradingview.com/x/N8x10pJr/

Is that too good to be true?!
Anyone else has made a decent chart please?...

Any of you fine gentlemen (and ladies?) in this one?

If so, what's your take about the SP if the IMF accepts to do a new deal with the Republic of Congo?

(I struggle to see anything from any chart...)

and a 5m sell right on cue...

The buying pressure is strong, but I still expect more warrants to be offloaded. I'll see at the end of the day how it's developing. I'll put in my pennies from KIE and FEVR if it's looking unlikely to retrace... but I still think it will.

Many thanks!
Clearly laid out, let's see if it will help convert interested parties into actual buyers of shares...

Looking very good, a hammer today and no clear reason why the drop in the SP since a reasonable company update on the 24 May.

...I just couldn't resist, I suspect that the trading update will be nowhere near as bad to justify that SP. It's just a trade but it could not a very nice one.

And now C Joe says on Twitter that he's in love with this share... since my earlier post, an additional sale of 6m shares has been logged.

I think it's the placed share holders offloading (17p shares sold at 20-21p is a healthy profit) and I suspect that the trio that I've mentioned is worried that the SP will be dragged down fast.

Freekick - no worries.
And I 100% agree, it seems highly unlikely that's only due to eco-warriors that the restim permit is not awarded after all that prevarication and those endless postponements... Several of us think that many in government are in the pocket of Gazprom and/or other Russian entities - the clearest evidence being the re-awarding of a gaz supply contract with Russia (Gazprom itself?), back Spring 2018 IIRC (there was an article that could be found on Google.).
To be 100% clear, I'm not a holder anymore, and have no intention of buying again, unless there were another press leak of the award of the permit. But I think it's highly unlikely.

Freekick - it was made clear to us at the Feb presentation that Geonergo / NAFTA didn't have the resources to get involved, as NAFTA was already in charge of most aspects of energy supply in Slovenia and had plenty of more pressing things to do.
Additionally, according to the joint venture agreement, Ascent is liable for all relevant legal costs - a clause that's absolutely cr@p in hindsight....

Reality check gents:
1- the compressor will NOT increase by 7 times the current gas that Ascent can sell. IF it were here now, it would increase the quality by about 7 times (I don't recall the actual figure being that high TBH). BUT because the installation of the compressor is still several months away (I can't recall when exactly.), the gas output will have decreased even more so it will be about however many times that decreased amount, but NOT today's amount.
2- reselling the compressor - I can't recall having heard that. And considering that we were told explicitly in February that a compressor is not a "plug and play / turnkey" piece of equipment, but built for the specs of the gas field, it supports the view that it cannot just be resold easily.
3- IF one person's claim that he/she received an e-mail from CH saying that the seismic data wouldn't be released anymore because all field development is now on hold (I don't think anyone corroborated that claim though.) is indeed true, then we cannot at the same time expect news of whatever form about the rest of the field. It's one or the other folks.
4- a PI on the board: a nice idea but everyone here has been keyboard warriors. Or deluded cheerleaders (Fran being the big boss of them all). Or people seriously distorting what has been said or not said by the BoD (e.g. claiming that John B stated he would buy shares back in February - he never said anything remotely like that at all).
Everyone with good business and/or investment sense is probably gone IMO - I recall one holder who was very company law and investment savvy (he was the largest PI in the company) who sold it all between late 2016 and early 2017 as new delays mounted...

Now all that holders can hope for is that the BoD will find somebody who will think that the legal case is strong enough, and will be willing to fund the action. I was actually surprised and underwhelmed by the legal arguments relied upon personally, and it makes me think that Ascent actually poured money with much fewer guarantees and legal back-up than I thought it did...

It looks like there is a fight to push this up, I'll stay put until I see a breakout, if it does happen...

1.80p or so is a big resistance area, so better wait until it's gone to the low-mid 1.70s before buying IMO. I did a trade from 1.73p to 1.8025 overnight myself.

LOL, the name California [extra space added by me] Joe in my post below was deleted - is the mere mention of his name banned on LSE.co.uk!?

Regular 5m share sales this morning (7 lots of 5m so far!) and extra ramping from Chris Oil and ************** (who had a photo taken together, with Dan Levi, uploaed on Twitter yesterday). While several people have increased the deramping on Twitter.

I suspect the extra ramping is to keep the SP up while existing big holders are derisking a bit, and if I were a conspiracy theorist, I'd say the deramping is to give an appearance of "balance" (ahem...) on Twitter so what's going on is not too obvious...

I'm staying away from UJO, even more so as a quick chart shows a (rising) support that makes a decrease down to the high 0.18's possible... but as always, WTFDIK!!

Actually, we had a £5.2k sale today, which was probably more than the rest of the buys of today combined!...

stockdale - a BoD member's enthusiasm at a meeting means absolutely zilch I'm afraid. I used to think that too until I got fleeced several times by different companies' boards, incl. Ascent's of course.

More recently, we had the exec chairman of AAOG being all enthusiastic up until last week, and a few days later this was followed by a mega placing (in complete breach of a claim he'd made verbally) and an extra financing arrangement on top that would guarantee that all rises in AAOG's share price would be sold continuously into for the next year or so...

I always struggled with the repeated claims that pursuing legal action would force Ascent to stop the develoment of the field because:
1- the other work that could be done on other wells does not require environmental permits (as explicitly said at the presentation of February 2019)
2- the license is granted by the Ministry of Infrastructure (IIRC), but NOT the Ministry of Environment.

Releasing the result of the seismic data analysis would certainly not have done any harm (unless somebody can convince me otherwise?).
Thus, I can't help but wonder whetehr the real reason that it's not being released is because it is not as great as we were told it could be... which would make more sense actually, and would explain why all that extra field development had not been carried out years ago.

There is no actual info provided, it's all based on speculation. And there is so little volume that only one or two £200-500 trades affect the SP massively.
The investment vehicle of the CEO (or chairman?), John Zorbas, which owns a lot of URU shares official announced nearly a year ago that it would become exclusively focused on cannabis products, so some used to expect that JZ would aim for a quick sale of the one resource left (the other one was officially written off). But even that announcement from Captor Capital was not officially RNS'd for URU - it was only announced in the (annual?) report of Captor Capital.

I also recall that URU's license in its resource was renewed (RNS'd) and there were positive development in relevant South African laws about 6 months ago (not RNS'd, only Internet searches of the BB users), but none of these made any difference in that the BoD has largely kept quiet for more than a year.

My personal guess is that the whole thing is on the back burner (so the Captor Capital declaration is not fully true) as John Zorbas is fighting another battle at MRS (that's another story).

Typical "sell on news" of AIM, this one ought to pay off (massively) a bit later. The RNS was excellent in that showed sustainable developments for the company.